With Boeing (BA) halting its 737 Max 9 jets, the Dow Jones Industrial Average fell 150 points Monday. Nvidia stock broke out past a new buy target today, reaching a record high.
The Dow Jones Industrial Average fell 0.4% and the S&P 500 rose 0.35% after the bell. Tech-heavy Nasdaq jumped 1% this morning.
The SPDR S&P 500 ETF (SPY) rose 0.3%, while the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1%.
The 10-year Treasury yield increased to 4.05% Monday from 4.04% Friday, its highest close since Dec. 12. West Texas Intermediate futures plummeted more than 3% Monday morning after previous week's gains. WTI fell below $72.
Boeing dropped 8% Monday morning after the FAA grounded the 737 Max 9 over the weekend. A mid-flight Alaska Airlines 737 door was torn off Friday.
Even after Needham maintained its buy recommendation and boosted the price target from 160 to 180, Coinbase (COIN) fell 2.5% Monday.
Inflation, Earnings Season This week's economic data includes Thursday's December consumer price index and Friday's producer pricing index.
On Friday, JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) begin fourth-quarter reporting.