US stocks extended declines; the Nasdaq Composite briefly fell more than 4%.

Boeing (BA.N) CEO said the company will begin producing new 737 MAX aircraft on July 6 at a newly commissioned final assembly line north of Seattle.

JP Morgan appointed Rajat Gupta head auto analyst and raised his Tesla price target to $475, upgrading the stock to Hold in a Friday research note. His predecessor, Ryan Brinkman, had recommended selling the shares since 2015 and projected a year‑end target of $145. Gupta, who previously worked under Brinkman, said Tesla’s “unique vertical integration advantage” remains “underestimated and misunderstood.”