Dow Jones News: Apple's 5G iPhones Could Be Delayed; Boeing Expects Multiyear Recovery
Some U.S. states are beginning to slowly reopen their economies, and even hard-hit New York is planning to ease some restrictions by mid-May. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 1.3% at 11:40 a.m. EDT Monday, buoyed by hopes that the novel coronavirus pandemic's effects on the U.S. economy will begin to wane in the coming weeks.
This optimism comes as the total number of cases in the U.S. approaches 1 million, according to Johns Hopkins University. Roughly 55,000 Americans have died from the virus.
Not participating in the rally on Monday were Apple (NASDAQ: AAPL) and Boeing (NYSE: BA). Apple is reportedly delaying production of its upcoming 5G iPhones, while Boeing sees a multiyear recovery in travel demand ahead.
Source Fool.com
