Boeing’s profit evaporates on quiet Wall Street | Financial

The leading Dow Jones index was 0.1 percent lower at 29,747 points around 7:30 PM (Dutch time). The broadly composed S&P 500 dropped a fraction to 3606 points. Tech gauge Nasdaq thickness 0.1 percent to 11,910 points.

Boeing was left with 0.2 percent of its previous profit after approval by the US aviation authority FAA. The 737 MAX aircraft have been aground for over a year and a half, after two accidents with the type occurred in a short time. A total of 346 people died.

Airlines like American Airlines and Southwest Airlines were clearly among the winners. The airlines announced plans to deploy the 737 MAX devices again.

Tech giant Apple was almost flat. The company announced that it would lower the rates in its own app store

There was also a lot of attention for pharmaceutical company Pfizer, which won 1.6 percent. The corona vaccine from Pfizer and the German biotechnologist BioNTech is more effective against the virus than previously stated, according to the two companies. The drug protects 95 percent and not 90 percent, as they reported last week. Pfizer will be requesting permission to market the drug in the United States in the coming days.

On the quarterly front, retail chain Target (plus 4.7 percent) opened its books. The results were better than expected, aided by higher sales over the internet. The performance of DIY company Lowe’s disappointed. That company lost more than 6 percent in stock market value. Discount chain TJX Companies rose nearly 4 percent after numbers.

Furthermore, the producer of meat substitutes Beyond Meat announced that it will sell minced pork on a vegetable basis in China. The Beyond Meat share gained 4.6 percent in market value.

The euro was at $ 1.1866, the same as the close of the European stock markets earlier in the day. A barrel of American oil became 1.7 percent more expensive at $ 42.14. Brent oil climbed 2.1 percent in price to $ 44.66 a barrel.

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