Market Update: Dow Drops, Boeing Soars, Trump Given 10 Days in Civil Fraud Case
TL;DR Summary
The stock market took a breather after a strong start to 2024, with the S&P 500 and Dow Jones dipping, while the Nasdaq hovered around the flatline. Bitcoin rallied above $70,000, and energy stocks gained as oil prices climbed. Boeing's CEO announced departure, while Disney stock was upgraded. Intel and AMD shares dropped on reports of China phasing out their chips, and Fisker shares were halted after talks with an automaker collapsed. Former President Trump's social media company will start trading on the Nasdaq, and a new high target for the S&P 500 was set at 5,500.
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- Stock Market Today: Dow Jones Drops As Intel, AMD Sell Off; Tesla Stock Slides On Downgrade Investor's Business Daily
- Wall Street treads water ahead of US data; dollar pressured by yen, yuan Reuters
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