Stocks slip from record highs | Boeing 737 Max flies once again | Bigger stimulus checks ahead?
EDITOR'S NOTE
Tuesday marked a momentous occasion for Boeing as the company's beleaguered 737 Max jet took to the U.S. skies with passengers for the first time in nearly two years.
American Airlines Flight 718 traveled from Miami to New York City. Boeing shares rose as much as 2.6% before closing slightly lower.
The 737 Max had been grounded worldwide since March 2019 after two deadly crashes in which pilots battled an automated flight-control system that was erroneously activated.
Boeing's stock has taken a steep hit in that time, falling more than 50%, while the Dow Jones Industrial Average is up 16% over the same period.
"I think what has happened with the Max, has heightened the intensity for which we all have to be mindful of safety and security," American's president, Robert Isom, told reporters ahead of the flight. "From a safety perspective I can tell you at American we don't take delivery of a plane without putting it through its paces."
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