Big Tech Leads US Stock Rebound; Boeing Tumbles: Markets Wrap
- Grounding of planemaker’s 737 Max 9 quickly gathers pace
- Wall Street is also gearing up for inflation data this week
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A rally in big tech sent US stocks higher at the start of a week that will bring key inflation data and bank earnings.
The Nasdaq 100 outperformed, with Nvidia Corp. surging after announcing new products to help the personal computer industry lure consumers with artificial-intelligence PCs. Boeing Co. sank as its 737 Max 9 model was temporarily grounded by authorities. Treasury yields fell alongside the dollar. Oil slid to around $70.