Wall Street drifts to a mixed close; FAA investigating an unusual ‘Dutch roll’ of a Southwest Airlines Boeing 737 Max

U.S. stocks drifted to a mixed close as caution crept into financial markets heading into the weekend. The S&P 500 slipped less than 0.1% Friday after setting an all-time high every other day this week.

The Dow Jones Industrial Average fell 0.1%, while the Nasdaq composite edged up 0.1%, marking another all-time high. Losses were sharper across the Atlantic, where European stocks have been rocked by the results of recent elections on the continent.

France’s CAC 40 stumbled to its worst week in more than two years. Treasury yields eased following a report on U.S. consumer sentiment.

FAA investigating an unusual ‘Dutch roll’ on a Southwest Airlines flight

Federal officials said Thursday they are investigating an unusual rolling motion on a Southwest Airlines Boeing 737 Max that might have been caused by a damaged backup power-control unit.

The Federal Aviation Administration said it was working with Boeing and the National Transportation Safety Board to investigate the May 25 incident, which happened on a flight from Phoenix to Oakland, California.

The FAA said the plane went into a “Dutch roll,” the name given to the combination of a yawing motion when the tail slides and the plane rocks from wingtip to wingtip. It is said to mimic the movement of a Dutch ice skater.

Pilots are trained to recover from the condition, and the Southwest plane landed safely in Oakland. There were no injuries reported among the 175 passengers and six crew members.

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