Dow opens lower as Boeing weighs; megacaps lift S&P 500, Nasdaq

The Dow Jones Industrial Average (DJIA) opened lower on Monday, August 23rd, as Boeing continued to weigh heavily on the index. Boeing is one of the largest companies in the world and has been facing significant challenges in recent years, including the grounding of its 737 Max aircraft due to safety concerns. This has led to a decline in demand for new planes and a drop in Boeing's stock price, which has had a ripple effect on the broader market.

Despite the lower opening of the Dow, the S&P 500 and Nasdaq Composite Indexes finished higher on Monday. The S&P 500 was lifted by the performance of megacaps such as Apple, Microsoft, and Amazon, which have been driving much of the market's recent gains. These companies have strong financials and growth prospects, which have made them popular with investors.

Overall, while the Dow opened lower on Monday, the broader market was able to recover due to the strength of the megacaps and other large-cap stocks. However, the ongoing challenges facing Boeing and other companies in the industrial sector could continue to weigh on the market in the coming weeks and months.