Federated Investors Global Equities CIO Steve Auth and Oberweis Asset Management President Jim Oberweis on whether investors should be concerned about Boeing’s stock after President Trump ordered all Boeing 737 Max jets to be grounded and the U.S.-China trade deal.
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The Chicago-based aerospace giant pushed back on the AFP report, saying its software upgrade will be rolled out in the coming weeks and that the timeline hasn’t changed. All three major equity averages in the market ended the week higher.
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Boeing shares, which had been down as much as 1.8 percent early in Friday’s session, turned positive in midday trading and added some 30 points to the Dow Jones Industrial Average.
Investor sentiment also rose on optimism about about U.S.-China trade talks.
The annual session of China’s ceremonial congress concluded Friday with Premier Li Keqiang pledging support for the slowing rate of growth in the world’s second-largest economy.
Also, the congress endorsed a law discouraging Chinese officials from pressuring companies to hand over technology. The measure addresses complaints, particularly from Washington, that China’s system is rigged against foreign companies.
“This is designed to protect the rights and interests of foreign investors and attract more foreign investment,” Li said.
Facebook stock fell after two top executives announced their resignations.
Shares of Microsoft hit an all-time high, taking out the previous intraday