Stocks – Boeing, Walgreens Boost Dow; China Stalls Market

Investing.com – Stocks overall struggled on Monday, but the was pushed higher by gains in Boeing (NYSE:) and Walgreens Boots Alliance (NASDAQ:).

The fell 0.2%. The was off 0.13%, while the rose 0.04%.

The Dow’s gain came because Boeing (NYSE:) jumped 4.6% after saying it believes its 737 Max will win recertification from the Federal Aviation Administration by the end of the year, with deliveries reportedly starting in December. It would take two months or so before the planes — new and grounded — could go into service.

Walgreens (NASDAQ:) rose 5.1% on a Bloomberg News report that buyout giant KKR was considering offering to take the company private.

The two stocks alone added nearly 129 points to the blue-chip index by themselves A 0.6% gain for Apple (NASDAQ:) added another 14 points with a 0.8% gain, but the other components, especially 3M (NYSE:), Goldman Sachs (NYSE:), UnitedHealth Group (NYSE:) and Walt Disney (NYSE:), pulled back enough to offset the first three.

The reason for the pullback was more worries about a U.S.-China trade deal. There was nothing announced and all traders had to work with were comments last week from President Donald Trump. The first was he hadn’t signed off on rescinding tariffs set to take effect on Dec. 15. And, while he tweeted Saturday talks were “progressing nicely,” that wasn’t enough for traders and their computers.

moved lower as well. Oil traders believe a deal will boost global oil demand. tumbled, as did farm commodities like soybeans, wheat and corn.

The U.S. government bond market was closed Monday for Veterans Day.

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