Boeing shares remained in focus Wednesday as investors digested yesterday's reports that China told its airlines not to take more deliveries of the company's jets amid an intensifying trade war between Washington and Beijing. Monitor these important chart levels.
Exporters attending China’s biannual trade fair in Canton were emphatic about the need to look beyond selling to Americans. China has been highlighting its focus on trade with countries other than the United States at various trade fairs that are showcasing its vast market and competitiveness as a manufacturing giant. U.S. President Donald Trump announced sweeping tariffs of 145% on all products imported from China.
Oppenheimer analysts on Wednesday initiated coverage of Lyft with an "outperform" rating, writing that they expect the company to benefit as ridesharing continues "to challenge the rising cost of car ownership."