US equity markets ended mixed and ended a volatile week of trading. The Dow Jones Index rose 124 points, or 0.37%, while the S&P 500 and Nasdaq Composite fell 0.08% and 0.48%, respectively. A new warning from China about Bitcoin took the wind out of the sails of tech stocks.
In stocks, Boeing stocks rose after a Reuters report said the company set new production targets for 737 Max Jet at 42 jets per month through the second half of 2022. Deere & Co. reported strong earnings and sales, and increased its profit forecast for the year amid optimism about improving demand for agricultural machinery and construction equipment.
In other auto industry news, California regulators said electric vehicles would account for 90% of the kilometers traveled by hail shipping companies like Uber Technologies Inc. and Lyft Inc. by 2030, Alaska in July, sending stocks higher. The news also strengthened rival Norwegian Cruise Line Holdings Ltd. and Royal Caribbean Cruises Ltd.
In commodities, West Texas Intermediate crude rose $ 1.64 to $ 63.58 per barrel and gold fell $ 5.10 to $ 1,876.70 an ounce. In Europe, the British FTSE 100 was down 0.02%, while the German DAX 30 and the French CAC 40 rose 0.44% and 0.68%, respectively. The Japanese Nikkei 225 rose 0.78%, the Hong Kong Hang Seng Index rose 0.03% and the Chinese Shanghai Composite lost 0.58%.