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Stocks little changed as Boeing shares stabilize


Added 03-14-19 10:04:02am EST - “Jobless claims rose slightly, while import prices jumped.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Stocks little changed as Boeing shares stabilize”. Below is an excerpt from the article.

Forbes Media Chairman Steve Forbes and FBN's Maria Bartiromo on General Electric forecasting that 2019 earnings will fall short of expectations.

Stocks were trading little changed on Thursday as shares of Boeing stabilized after President Trump on Wednesday ordered the 737 Max 8 and Max 9 grounded, joining a slew of other nations in banning the aircraft after a fatal crash on Sunday.

General Electric CEO Larry Culp updated investors on progress toward profitability, saying he expects cash generation to turn positive over the next two years. Shares have been rising since March 6.

Johnson & Johnson shares were lower after a jury in California ruled that it must pay $29 million to a woman who claimed its baby powder gave her terminal cancer.

In economic news, initial claims for state unemployment benefits rose 6,000 to a seasonally adjusted 229,000.

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