The Dow pulled back from records on Friday after earlier hitting the 29,000-point milestone as Boeing shares fell following fresh damaging revelations over the 737 MAX.
Dow member Boeing slid almost two percent after the release of another round of embarrassing emails, including one in which an employee said the aircraft, which has been involved in two fatal crashes since 2018, had been “designed by clowns.” The aerospace giant has been in crisis mode since March, when the MAX was grounded worldwide.
All three major indices retreated from Thursday’s all-time highs, with the Dow Jones Industrial Average ending at 28,823.77, down 0.5 percent after earlier topping 29,000 for the first time. The broad-based S&P 500 shed 0.3 percent to 3,265.35, while the tech-rich Nasdaq Composite Index also lost 0.3 percent at 9,178.86.
Equities pushed into positive territory after the Labor Department reported that the United States added 145,000 new positions in December.