Boeing fires CEO | Can stocks keep hitting new highs? | Tesla hits $420

Stocks rallied after China lowered some tariffs and Boeing fired its CEO.

VIEW IN BROWSER | SUBSCRIBE MON, DEC 23, 2019 EVENING BRIEF AS OF MON, DEC 23, 2019 • 04:00 ET DJIA 28552.24 +0.34% +97.15 S&P 500 3224.05 +0.09% +2.83 NASDAQ 8945.65 +0.23% +20.69   Most Active DOW NAME LAST CHG %CHG AAPL 284.00 +4.56 +1.63% CSCO 48.10 +0.65 +1.37% INTC 59.23 +0.28 +0.47% S&P 500 NAME LAST CHG %CHG AMD 45.46 +1.31 +2.97% GE 11.17 +0.14 +1.27% F 9.44 -0.04 -0.47% NASDAQ NAME LAST CHG %CHG AMD 45.46 +1.31 +2.97% AAPL 284.00 +4.56 +1.63% MU 55.40 +0.34 +0.62% EDITOR'S NOTE The Boeing 737 Max has not been flying and neither have assurances from the aviation giant's CEO.   Boeing announced on Monday it had fired Dennis Muilenburg, who led Boeing's efforts to get its 737 Max back in the air after two fatal crashes.   "The Board determined that a change in leadership was necessary to restore confidence," CFO Greg Smith, who became interim CEO, explained in a note to employees. Muilenburg will be replaced by the company's chairman David Calhoun on Jan. 13.   The announcement drew a vote of confidence from investors as Boeing stock rose about 3%.  The stock market was also higher after China announced plans to lower tariffs on more than 850 products, from frozen pork to semiconductors.   CNBC's Jim Cramer said it was about time Boeing tried a new approach with a new leader.   "It was impossible to get clearance with all these different entities as long as he was there," Cramer said on "Squawk on the Street," "because he presided over what happened."    Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rises to a record, Boeing shares lead the gains Boeing fires CEO Dennis Muilenburg, as the company struggles with 737 Max crisis Boeing CEO had to be fired in order for the 737 Max to get FAA certified, Jim Cramer says China will lower import tariffs on over 850 products from January 1, finance ministry says Tesla stock reaches $420 more than a year after Musk's notorious 'funding secured' tweet Netflix was the best-performing stock of the decade, delivering a more than 4,000% return Netflix shares won the decade. Here are some guesses at what could be the top stock of the 2020s Mike Bloomberg is plowing millions of dollars into a secretive tech firm he founded months ago to power his 2020 presidential bid GM, Ford and others cut thousands of jobs and closed factories to save billions in 2019 'It's a complete mess': Energy market in flux ahead of a global shipping revolution, analysts warn     TOP VIDEO It's unusual timing to have a CEO shot at sunset: Sonnenfeld on Boeing   CNBC PRO Wedbush analyst raises Apple price target to the highest on Wall Street   SPECIAL REPORTS These two charts show why banks could be on the verge of a breakout S&P 500 to 3,600? One chart analyst sees a path there next year   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS