Dow Jones Rallies 400 Points as Boeing 737 Max Certification Flights Approved, Apple Predicted to Keep iPhone Prices Flat
Looking at the stock market, you wouldn't know there was a raging pandemic in many U.S. states. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 1.8% at 1 p.m. EDT Monday, despite a rapid rise in confirmed cases of COVID-19 in the U.S. There have now been more than 2.5 million confirmed cases, and the daily case count has hit new all-time highs in recent days.
A big part of the Dow's rally on Monday was thanks to Boeing (NYSE: BA), which rallied after the Federal Aviation Administration (FAA) approved certification flights for the grounded 737 Max. Apple (NASDAQ: AAPL) also contributed after an analyst predicted the tech giant would keep iPhone prices roughly the same this year while removing accessories to cut costs.
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Source Fool.com
