Dow Jones News: Boeing Upgraded; McDonald's Shuts Down Some Restaurants
Stocks were plunging again on Monday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 3.8% at 11:40 a.m. EDT. Dramatic actions from the Federal Reserve were unable to boost investor sentiment. The Fed is expanding existing purchases of U.S. Treasury and mortgage-backed securities, as well as launching new programs to support the economy during the novel coronavirus pandemic.
Boeing (NYSE: BA) was beating the market on Monday after the stock received an analyst upgrade, while shares of McDonald's (NYSE: MCD) were lower after the fast-food chain closed restaurants in the U.K. and Ireland.
Shares of airplane manufacturer Boeing are near multiyear lows following a brutal decline over the past few weeks. As if the grounding of the 737 Max weren't enough, the collapse of air travel during the global novel coronavirus pandemic has put even more pressure on the company.
Source Fool.com
