Morgans AM: Monday, 4 March 2024
MAR 03
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US equity markets opened March with a bang, with both the S&P500 and Nasdaq logging fresh record highs - Dow added +91-points or +0.23%. Boeing Co fell -1.83% after confirming it is in “preliminary” talks to acquire Spirit AeroSystems Holdings Inc (+15.31%), the troubled fuselage supplier it spun off nearly 20 years ago, as the plane maker faces pressure to improve its safety record. Boeing said it believed that the “reintegration” of Spirit “would further strengthen aviation safety, improve quality and serve the interests of our customers, employees, and shareholders”.
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