Boeing drops Dow to 2-week low, megacaps rise. Nasdaq

Dow Jones fell to a two-week low on Monday as Boeing shares fell after certain jets were grounded, but megacaps and chip firms rose, lifting the S&P 500 and Nasdaq. 

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At 37,280.32 at 9:52 am ET, the Dow Jones Industrial Average was down 185.79 points, or 0.50 percent. The S&P 500 rose 11.73 points, or 0.25 percent, to 4,708.97. The Nasdaq Composite rose 104.25 points, or 0.72 percent, to 14,628.33.

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The Dow Jones Industrial Average opened at 37,327.37, down 138.74 points, or 0.37 percent. The S&P 500 began at 4,703.70, up 6.46 points, or 0.14 percent. At the open, the Nasdaq Composite rose 40.39 points, or 0.28 percent, to 14,564.47. 

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Boeing shares fell 9.1% after an Alaska Airlines panel blew off mid-flight, forcing the company to ground several 737 MAX aircraft.

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The 10-year treasury yield fell to 4.02 percent from 4.05 late Friday. US stock indices rose slightly Friday. The S&P 500 rose 8.37 points, or 0.18 percent, to 4,697.05, 

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while the Nasdaq Composite rose 11.47 points, or 0.09 percent, to 14,521.77. The Dow Jones Industrial Average increased 24.09 points, or 0.07 percent, to 37,464.43.

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European equities slumped Monday due to energy shares. The pan-European STOXX 600 fell 0.3% by 0915 GMT.

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The South Korean Kospi fell 0.4% to 2,567.82. Australia's S&P/ASX 200 fell 0.5% at 7,451.50. Taiwan's Taiex rose 0.3%, while Bangkok's SET fell 0.6%.

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