Boeing shares fell after a horrific Air India 787 disaster, while Wall Street equities fell early Thursday in response to President Donald Trump’s new trade war threats. Trump vowed to “send letters out” with an ultimatum to other trading partners only hours after he and China established a new detente on trade concerns.
Following the accident of a London-bound 787 Dreamliner in western India, which most likely killed all 242 persons on board, Boeing’s stock fell almost 5%. The Dow Jones Industrial Average was down 0.4 percent at 42,705.52 around 25 minutes into trading.
The tech-heavy Nasdaq Composite Index fell 0.1 percent to 19,595.85, while the broad-based S&P 500 fell 0.1 per cent to 6,018.24. Wholesale prices increased by 0.1 percent last month, according to data, a little increase as economists continue to warn that Trump’s tariffs may cause inflation to rise in the months ahead.
Oracle’s shares, among others, rose 12.1% after a positive earnings report. The software behemoth said that the upcoming year would be “even better” despite its sales rise of 8% in the previous year.
Following US President Donald Trump’s warning of increased unilateral tariffs on trading partners, the dollar fell sharply on Thursday, and oil prices fluctuated as traders assessed the likelihood that Israel was preparing to attack Iran.
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