U.S. stocks headed lower on Monday, following the S&P 500's seven-day winni...
- U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016.
Southwest Airlines Co fell 2.7% after the carrier said it was pulling out all 737 MAX jets from its flight schedules through June 7, extending its earlier timeline by a week. However, lowered earnings expectations and worries about an economic slowdown are starting to dampen investor enthusiasm. At 12:43 p.m. ET the Dow Jones Industrial Average was down 135.20 points, or 0.51%, at 26,289.79, the S&P 500 was down 6.00 points, or 0.21%, at 2,886.74 and the Nasdaq Composite was down 11.37 points, or 0.14%, at 7,927.33.
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