It’s really a remarkable session that sees every S&P 500 sector higher, except Boeing (BA), which is experiencing an exodus of countries willing to allow the 737 Max 8 to take off.  Some of those countries won’t even allow the plane in their airspace.

The pressure on Boeing is holding down the Dow Jones Industrial Average.  I think, by the end of the day, the United States will be the only country allowing the 737 Max 8 in the air.  I said yesterday, the company would have to take a stronger approach.

It’s going to be interesting to see if one stock can pull down the entire stock market.  And because it’s the largest weight on the Dow, it’s easier.  But in this contest of push-pull right now, Boeing has put the rest of the market into a holding pattern.