Home Business US stocks close higher; Boeing shares turn volatile

US stocks close higher; Boeing shares turn volatile

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NEW YORK, Feb. 5, 2018 (Xinhua) -- An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States, on Feb. 5, 2018. U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent, as the market took a heavy hit from panic sales. (Xinhua/Wang Ying/IANS) by .
An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States

US stocks closed higher as investors digested the latest economic data…reports Asian Lite News

NEW YORK, Feb. 5, 2018 (Xinhua) -- An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States, on Feb. 5, 2018. U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent, as the market took a heavy hit from panic sales. (Xinhua/Wang Ying/IANS) by .
An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States

The Dow Jones Industrial Average increased 148.23 points, or 0.58 percent, to 25,702.89 on Wednesday. The S&P 500 increased 19.40 points, or 0.69 percent, to 2,810.92. The Nasdaq Composite Index rose 52.37 points, or 0.69 percent, to 7,643.40.

New orders for manufactured durable goods in January increased 0.9 billion US dollars, or 0.4 percent to 255.3 billion dollars, the Commerce Department said.

In a separate report, the department said construction spending jumped 1.3 percent in January, the largest increase since April last year, after a revised 0.8 percent drop in December.

Investors continued to monitor the performance of Dow component Boeing. The aircraft manufacturing giant’s stock has been under pressure this week amid worries over the safety of the 737 Max airplane, one of its most popular models.

Shares of Boeing plunged after the US government announced to have grounded all Boeing 737 Max jets in the country, but pared losses later in the day and closed up 0.46 percent.

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