The Dow Jones today is trending in the red after the FAA flagged Boeing’s 737 Max with another software problem.
The pending trade discussion between U.S. President Donald Trump and Chinese President Xi Jinping is also weighing on stocks right now.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,536.82 -11.40 -0.04% S&P 500 2,913.78 -3.60 -0.12% Nasdaq 7,909.97 25.25 0.32%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Thursday Concerns about a trade war between the United States and China once again lead headlines. The presidents of both nations are scheduled to meet in Japan during the G-20 conference this weekend. Multiple media outlets have reported that the two countries are set to resume talks after a long hiatus. An agreement between China and the United States would prevent the implementation of tariffs on another $300 billion in Chinese imports.
Boeing Co. (NYSE: BA) stock was off 2.5% in pre-market hours after the Federal Aviation Administration announced it had discovered another safety issue with the 737 Max aircraft yesterday. The U.S. agency has ordered Boeing to address the problem before it stops the grounding order on this line of planes. Finally, the price of Bitcoin is out of control. The world’s top cryptocurrency by market capitalization nearly surpassed $13,000 before pulling back temporarily to $11,600. According to reports, Coinbase experienced an outage that fueled a sharp, temporary decline in the price of Bitcoin. In addition, one trader reportedly sold more than $100 million in Bitcoin in 24 hours on the cryptocurrency exchange. Bitcoin was trading near $12,000 on Thursday morning. Money Morning Insight of the Day