Dow Jones News: Boeing's New CEO Takes Charge; Walmart Adds More Robots to Stores
The major stock indices were up on Monday, with the Dow Jones Industrial Average 0.26% higher by 12:10 p.m. EST. With a flood of quarterly reports set to begin in earnest soon, the market appears optimistic.
Shares of Boeing (NYSE: BA) managed a solid gain as a new CEO officially took the helm of the troubled company. Fellow blue-chip stock Walmart (NYSE: WMT) moved in the opposite direction, although the retailer's plans to deploy robots to its stores could help lower costs and boost profits in the long run.
The grounding of the 737 Max following two fatal crashes, and the subsequent drama around getting the plane back in the sky, is doing damage to Boeing's reputation. It will be the job of incoming CEO Dave Calhoun to keep that damage to a minimum.
Source Fool.com
