Boeing's stock set to add 120 points to Dow industrials

Posted February 01, 2018

The S&P 500 still is up 6.7 per cent since the end of 2017. Boeing's move comes after the aerospace manufacturer reported better-than-expected quarterly results and provided an upbeat outlook for 2018.by virtue of its share price has been the most influential among the Dow's components in recent months.

ANALYST'S TAKE: "Asian markets look set to continue in decline as global equity markets extend the correction phase", said Jingyi Pan of IG in a report.

USA market indexes were lower on Tuesday. The benchmark 10-year yield broke above 2.7 percent to reach its highest level since April 2014.

The index closed down 362.59 points at 26,076.89 in NY, with the broader S&P 500 index falling 31.10 points to 2,822.43.

This would bring headline inflation to 2 per cent for the year.

Dr Pepper Snapple Group jumped to an all-time high after K-cup maker Keurig Green Mountain said it will buy the company in a deal worth more than $21 billion.

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Yields, which rise as bond prices fall, have ticked higher in recent sessions, as investors have bet on an uptick in growth and inflation following the passage of USA corporate tax cuts.

Express Scripts slid $2.61, or 3.2 percent, to $79.31. Japan's Nikkei 225 index lost 1.4 percent, while Hong Kong's Hang Seng dropped 1.1 percent.

The dollar index fell 0.15 per cent, with the euro up 0.16 per cent to $1.2401. Mr. Wynn has denied the allegations. The stock's week-long decline stopped just short of 7% below a 176.34 buy point, avoiding the automatic sell rule, but leaving shares well below their 10-week moving average. But some investors speculated that the growing strength in the US economy and labor market could prompt the central bank to perhaps forecast an extra rate increase this year.

Markets could feel some early lift from response to President Trump's Tuesday night State of the Union address to Congress. Investor's ears will certainly be turned toward this afternoon's policy announcement from the Federal Open Market Committee, scheduled for 2 p.m. and the final FOMC meet under Federal Reserve Chair Janet Yellen.

"We don't think they're going to do anything this week, but they may well lay the ground for a March rate hike", Mr. Bell said.