US stocks decline with the drop in bank shares

The Dow Jones Industrial Average rose today as shares of aircraft maker Boeing rose 2.3% after the company reached an agreement with the US low-cost carrier Southwest Airlines to buy a variant of the 737 MAX aircraft. The Standard & Poor's 500 Index and the Nasdaq Composite Index retreated with the decline in bank stocks, as stocks of major US banks and even regional banks declined amid warnings of potential losses from the hedge fund defaulting from margin demands.

The Dow Jones Industrial Average rose 98.49 points, or 0.3%, to 33,171.37 points, while the Standard & Poor's 500 Index declined 3.45 points, or 0.09% to 3,971.09 points, and the Nasdaq Composite Index declined 79.08 points, or 0.6%, to 13059.65 points.