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US stocks close higher; Boeing shares turn volatile

IANS  |  New York 

US stocks closed higher as investors digested the latest economic data.

The increased 148.23 points, or 0.58 percent, to 25,702.89 on Wednesday. The S&P 500 increased 19.40 points, or 0.69 percent, to 2,810.92. The rose 52.37 points, or 0.69 percent, to 7,643.40, reported.

New orders for manufactured durable goods in January increased 0.9 billion US dollars, or 0.4 percent to 255.3 billion dollars, the said on Wednesday.

In a separate report, the department said construction spending jumped 1.3 percent in January, the largest increase since April last year, after a revised 0.8 percent drop in December.

Investors continued to monitor the performance of Dow component The manufacturing giant's stock has been under pressure this week amid worries over the safety of the 737 Max airplane, one of its most popular models.

Shares of plunged after the announced to have grounded all 737 Max jets in the country, but pared losses later in the day and closed up 0.46 percent.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 06:40 IST
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