U.S. stocks posted healthy gains yesterday, though the Dow Jones Industrial Average’s rise was muted by declines in shares of Boeing after the second deadly crash in about six months involving its 737 Max 8 aircraft.
A month after the biggest decline in 10 years, sales at U.S. retailers rebounded slightly in January, but not enough to alter an emerging picture of an economy that slowed sharply at the beginning of 2019. Retail sales rose 0.2% in January, led by home centers and Internet stores. Economists had forecast a .1% increase.
Workers are receiving the fattest wage increases since the Great Recession as employers struggle to find enough people to fill their ranks and employees have more leverage to demand higher pay and jump to better jobs. Wages grew 3.4 percent in the past year, the fastest pace in nearly a decade and well above inflation, suggesting employers are hustling to lure and retain workers.
Shares of Boeing fell 7% after Indonesia joined China in grounding Boeing 737 MAX 8 aircraft following Sunday’s deadly Ethiopian Airlines crash, a sharp break from traditional air-safety practice that divided experts and ratcheted up pressure on the U.S. plane maker.
With Northwest Quadrant Wealth Management, I'm Tyler Simones