· The Dow Jones Industrial Average fell on Tuesday as shares of Boeing posted another sharp decline amid worries over the safety of one of its most popular airplanes.
The 30-stock index closed 96.22 points lower at 25,554.66, with Boeing accounting for about a 150-point drag. (In other words, the Dow would have been higher without Boeing's loss.)
Boeing shares fell more than 6 percent, eclipsing the 5.3 percent decline from Monday's session and notching their biggest two-day loss since June 2009. Boeing fell after several countries, including China, the European Union and Indonesia, grounded all flights involving the 737 MAX model. The plane has been involved in two deadly crashes in less than six months, including one on Sunday. Edward Jones also downgraded the stock to hold from buy, citing a possible "delay in orders" after the Ethiopian Airlines crash on Sunday.
The broader stock market rose, however, after the release of key inflation data. The S&P 500 closed 0.3 percent higher at 2,791.52, led by gains in the utilities and health care sectors. The Nasdaq Composite advanced 0.44 percent to 7,591.03.
Apple rose more than 1 percent, lifting the S&P 500 sector by half a percent. Tech is now the best-performing sector for 2019, gaining 15.3percent for the year.
The U.S. consumer price index rose 0.2 percent in February, matching expectations. The so-called core CPI, which strips out food and energy, fell short of estimates by gaining just 0.1 percent.
· European stocks rallied Monday as traders looked ahead to a crucial vote in the U.K. that will determine whether the country's Brexit deal will be approved.
The pan-European Stoxx 600 index closed provisionally up by 0.76 percent with almost every sector in the black.
· Asia Pacific markets fell in Wednesday morning trade amid fresh global uncertainties after U.K. lawmakers again rejected the terms of a deal for Britain to withdraw from the European Union.
Japan's Nikkei 225 fell 0.26 percent in early trade while the Topix index was down 0.14 percent. The Kospi index in South Korea declined 0.32 percent.
Reference: CNBC
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