Dow Jones News: Boeing Stock Jumps on 737 Max Production Plans; Apple Moves Some Manufacturing to Vietnam
The U.S. unemployment rate has surged to 14.7% as the coronavirus pandemic and measures taken to slow its spread led to the loss of millions of jobs. The unemployment rate is now at the highest level since the Great Depression.
These terrible unemployment numbers were widely expected, and the stock market was able to shake off the bad news on Friday. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 1.5% at 12:20 p.m. EDT. Boeing (NYSE: BA) stock rose after the CEO predicted a May production restart for the 737 Max, and Apple (NASDAQ: AAPL) stock was up as the company diversifies its production away from China.
Boeing's 737 Max has yet to be cleared by regulators to return to the skies, but the company is planning to restart production of the plane nonetheless. CEO David Calhoun told Fox Business News on Friday that the company is aiming to begin building the plane again sometime this month.
Source Fool.com
