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…]