Dow Jones Jumps 300 Points as Boeing's 737 Max Faces Its Next Test, Intel Stock Downgraded
Confirmed cases of COVID-19 are surging in some U.S. states, and hospitalizations in those areas are on the rise. The stock market shook off the worsening pandemic news on Monday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) up 1.3% at 12:35 p.m. EDT.
Shares of Boeing (NYSE: BA) were up on Monday as the next phase of the process to get the 737 Max flying again was set to begin. Intel (NASDAQ: INTC) also rose along with the market despite an analyst downgrade.
Last week, the changes Boeing made to the flight control system in the grounded 737 Max responsible for two fatal crashes were put through their paces in a series of certification test flights. This week, the plane will be put through another set of test flights by regulators.
Source Fool.com
