U.S. stocks closed mostly higher Tuesday, led by the health care and utilities sectors, while the Dow Jones Industrial Average retreated as shares of Boeing Co. came under heavy pressure following a fatal crash over the weekend of a 737 Max aircraft.
How did major indexes fare?
The Dow DJIA, -0.38% lost 96.22 points, or 0.4%, to end at 25,554.66. The S&P 500 SPX, +0.30% rose 8.22 points, or 0.3%, to finish at 2,791.52 as health care and utilities stocks led gains, while the Nasdaq Composite Index COMP, +0.44% rose 32.97 points, or 0.4%, to finish at 7,591.03.
What drove the market?
The price-weighted Dow fell as its largest component, Boeing BA, -6.15% sank another 6.2% after losing 5.3% Monday.
Although, the Federal Aviation Administration declared the 737 Max 8 airworthy, more regulators have decided to ground the planes, including those in Australia, Singapore and the Middle East. The decisions come amid worries about flight systems in Boeing’s 737 Max models following the weekend crash, which resulted in the death of 157 people near Ethiopia’s capital, Addis Ababa.
The stock market shrugged off the U.K. Parliament’s rejection of Prime Minister Theresa May’s Brexit deal, in part, as the outcome had been anticipated. Lawmakers will now have to decide whether they want a Brexit without a deal or possibly extend the March 29 deadline for leaving the European Union.
Separately, reports indicated progress on a Sino-American trade deal, with China and the U.S. reportedly close to a deal on currencies—an element in their broader trade dispute.
The consumer-price index rose 0.2% in February following three months of no change, the Labor Department said. Core prices, which strip out volatile changes in the cost of food an