Dow Jones Futures Fall As Boeing Plunges On 737 Max Woes; Can Market Rally Hold Key Levels?
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Dow Jones futures fell on Monday, along with S&P 500 futures and Nasdaq futures, as Boeing stock tumbled on the grounding of some 737 Max-9 jets by the FAA. The stock market rally started the year with losses, but found some support later in the week. Several leading stocks showed signs of recovery. However, the overall market direction will depend on the bond market, with Treasury yields rising above 4%. Nvidia rebounded, nearing a buy point, with predictions of significant cash flow in the coming years. Other stocks showing positive action include PulteGroup, Super Micro Computer, Eli Lilly, MercadoLibre, and Snowflake.