S&P and Nasdaq higher, Dow lower – Here’s what you need to know…

Stock Market Update Tuesday, March 12th, 2019

The S&P and NASDAQ finished higher for the 2nd day in a row.

But once again, the DOW lagged behind, being pulled lower by Boeing (BA).

Boeing lost another 6.2% today after multiple countries grounded the 737 MAX airplane.

The FAA and Boeing stand by the airworthiness of the airplane. But many countries, including the European Union, are choosing to play it safe after a crash in Ethiopia left 157 people dead.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.3% gain. Up 8 points, the S&P ended at 2,792.
  • The DOW ended lower by 0.4%. Dropping 96 points, the DOW closed at 25,555.
  • The NASDAQ was up 0.4%. With a 33 point gain, the NASDAQ finished at 7,591.

Crude Oil (CL) finished higher for the 2nd day in a row. Up 0.2%, CL ended at $56.93 a barrel. 

In earnings news, Dick’s Sporting Goods (DKS) plunged after worse than expected numbers. The stock finished lower by 11.0%.

And in Europe, Theresa May’s Brexit deal was rejected (again). U.K. On Wednesday and Thursday there will be another vote, where lawmakers will vote on whether the U.K. should leave the bloc or push for a delay.

Here is the economic calendar for the week:

Real Time Economic Calendar provided by Investing.com.

This Stock Market Update was provided by Rockwell Trading Services LLC.

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