Morning Market Report - December 16, 2019
Markets Open Higher on Heels of Trade Deal
The S&P 500 and Nasdaq opened and traded at all time highs this morning!
Boeing falls as company debates cutting or halting 737 Max production
Boeing shares fell Monday as the company is expected to soon decide whether to further cut or suspend production of the 737 Max as the timeline for the beleaguered plane’s return to service slips into 2020.
“We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the Max,” Boeing said in a statement to CNBC. “We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction.”
FAA chief Steve Dickson told CNBC last week that the regulator likely wouldn’t clear the 737 Max’s return until some time in 2020, shooting down any hope by Boeing to get the plane back in service by the end of this year.
“We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the Max,” Boeing said in a statement to CNBC. “We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction.”
FAA chief Steve Dickson told CNBC last week that the regulator likely wouldn’t clear the 737 Max’s return until some time in 2020, shooting down any hope by Boeing to get the plane back in service by the end of this year.
Market Action to Start Monday Trading
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