These 2 Dow Leaders Are Hurting the Stock Market
Summer is often a positive time for the stock market, but that's not proving to be the case this week. Wednesday morning brought continued volatility on Wall Street, as investors are trying to work through whether recent inflationary indications will reverse themselves just as quickly as they emerged. As of 11:30 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 67 points to 34,644. The S&P 500 (SNPINDEX: ^GSPC) had moved higher by 5 points to 4,348, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) had fallen 46 points to 14,617.
Many investors look to the Dow as an indicator of the health of the broader stock market. In that context, declines from Boeing (NYSE: BA) and Goldman Sachs (NYSE: GS) stood out in holding back the average from bigger gains. Below, we'll look more closely at what's hurting these companies and whether this could be the beginning of a larger pullback.
Shares of Boeing were down nearly 2% on Wednesday morning. The aerospace giant continues to deal with uncertainty related to the pace of the reopening of the global economy and progress against the pandemic around the world.
Source Fool.com
