Reuters, Boeing, Intel Pressure Dow as Investors Wary of Economic Recovery


The Dow Jones headed lower on Friday, led by Boeing and Intel, with investors staying cautious about an economic recovery as some states prepared to relax the coronavirus-induced lockdowns.

Boeing Co fell 5.8% after a report the planemaker was planning to cut 787 Dreamliner output by about half, while Intel Corp shed 1.4% on weak second-quarter profit forecast and after it said it could not issue a full-year outlook.

Seven of the 11 S&P 500 sector indexes were trading lower, but the energy index was on still track for its fifth straight week of gains as oil prices recovered after a historic collapse on Monday. [Read more…]