S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Lawmakers quiz Boeing, FAA about recent issues with planes


Boeing 737 Max airplanes, including one belonging to TUI Group, left, sit parked at a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle. Lawmakers, on Tuesday, May 18, are asking Boeing and the Federal Aviation Administration for records detailing production problems with two of the company's most popular airliners. The lawmakers are focusing on the Boeing 737 Max and a larger plane, the 787, which Boeing calls the Dreamliner. (AP Photo/Ted S. Warren)

WASHINGTON (AP) — Two key members of Congress are seeking records from Boeing and the Federal Aviation Administration about production problems with two of the company’s most popular airliners.

The lawmakers are focusing on the Boeing 737 Max and a larger plane, the 787, which Boeing calls the Dreamliner.

House Transportation Committee Chairman Peter DeFazio, D-Ore., said Tuesday there are “new and ongoing issues (at Boeing) that point to problems in maintaining quality control and appropriate FAA oversight of production issues.”

DeFazio was joined in the records request by Rick Larsen, D-Wash., chairman of the committee's aviation subcommittee.

Chicago-based Boeing and the FAA said they were reviewing the request.

About 100 Max jets were idled last month because of improper electrical grounding that affected cockpit instruments. Last week the FAA approved a Boeing fix for the planes, which are built near Seattle.

All Max jets around the world were grounded for nearly two years after two crashes that killed 346 people. Boeing made changes to a flight-control system after the crashes, and the FAA cleared the plane to resume flying late last year.

DeFazio’s committee spent 18 months investigating Boeing and the FAA’s certification of the Max. The panel concluded in a blistering report last year that the Max suffered from design flaws that Boeing failed to fix, and that the FAA did a poor job monitoring the company.

More recently, Boeing halted deliveries of 787s for five months after discovering a flaw that left tiny gaps between sections of the planes' carbon-fiber fuselage near the tail. Boeing is consolidating production of the 787 in South Carolina. Deliveries resumed in March.

Should you invest $1,000 in Boeing right now?

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Boeing (BA)
4.3648 of 5 stars
$169.84-0.2%4.84%-46.15Moderate Buy$229.35
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