CNBC Daily Open: Boeing 'guilty plea,' French far-right gains
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Dow lags tech rally
The Dow Jones Industrial Average rose about 3.8% in the first six months of the year, lagging way behind the Nasdaq, up 18.1%, and the S&P 500, which jumped 14.5% — as investors plowed into artificial intelligence-related stocks. On Friday, the S&P 500 and Nasdaq hit record highs before pulling back. The yield on the 10-year Treasuryrose as investors digested the latest inflation data. U.S. oil prices rose for the third straight week amid fears of a war between Israel and the Iran-backed militia Hezbollah.
Boeing 'guilty plea'
U.S. prosecutors plan to seek a guilty plea from Boeing over a charge related to two fatal 737 Max crashes in 2018 and 2019, attorneys for the victims' family members said. The Justice Department is reviewing whether Boeing violated a 2021 settlement that shielded the company from federal charges. Boeing agreed then to pay a $2.5 billion penalty for a conspiracy charge tied to the crashes. The DOJ revisited the agreement after a door panel blew out of a new 737 Max 9 in January, sparking a new safety crisis. Separately, Boeing agreed to buy Spirit AeroSystems for $4.7 billion in an all-stock deal to improve safety and quality.
Far-right gains
Marine Le Pen's far-right National Rally (RN) party made significant gains in the first round of France's parliamentary election, securing 34% of the vote, according to exit polls. The leftist New Popular Front (NFP) alliance received 28.1%, while while President Emmanuel Macron's centrist bloc was pushed into