Dow Bags Record Close as Boeing Flies in Gains on New Orders By Investing.com – Investing.com

Dow Bags Record Close as Boeing Flies in Gains on New Orders By Investing.com – Investing.com

© Reuters.







By Yasin Ebrahim

Investing.com – The Dow closed at a record high Monday, shrugging off weakness in energy stocks and bank stocks as Boeing racked up gains following new orders for its much maligned 737 Max jets.

The rose 0.30%, or 98 points to close a record $33,171.77, the was 0.1% lower, and the ended down 0.60%, but had been down more than 1%.

Major Dow component Boeing (NYSE:) ended up more than 2% higher, pushing the broader index to close in record territory, after Southwest Airlines (NYSE:) agreed to buy 100 of the aircraft maker's 737 Max 7 planes. 

But energy and financials stocks kept a lid on the overall climb higher.

Energy fell 1% following wild swings in oil prices amid easing expectations of supply disruptions after the container ship that had blocked traffic at the Suez Canal had been refloated, paving the way for traffic on the key trading route to resume.

APA (NASDAQ:), Devon Energy