Dow stocks are under pressure into the New Year after a stellar 2019.
It could have been even better were it not for the struggles of the Dow 30’s most crucial stock, Boeing (NYSE:BA).
The rise of Bernie Sanders creates genuine election risk in 2020 for a complacent stock market.
A rough day for the US stock market saw the Dow Jones shed 183 points to start the week. Yet again proving to be a lead weight on the index, the Dow’s most heavily weighted stock, Boeing (NYSE:BA), dropped 1.1% as the positive effects of the executive reshuffle fade. Focusing on 2020, Citi market insights anticipate a rebound in business confidence, albeit with some substantial concerns about the 2020 election.
Dow Jones Drops as Stocks Run Out of Fresh News
Despite Boeing’s struggles, the Dow Jones kept pace with the other major US stock market indices, as both the S&P 500 and Nasdaq posted losses of 0.6% and 0.7%, respectively.