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Investors will watch the S&P 500 closely today for signs that a market pullback is under way.
The Bellwether index closed below its fifty day moving average Thursday something that last happened in October 2000 -- US and 500 and fell almost 6% before it flattened out and then began its rise which hit new highs just last week.
Although analysts are split some have been calling for a five to 8% pullback in stocks as we move -- in the second quarter.
The FAA is expected to announce Boeing's fuel efficient 787 dreamliner is safe to return to commercial service.
-- redesign the airplanes lithium ion batteries after fires -- -- two separate 780 sevens roughly three months ago.
The fifty aircraft in commercial service worldwide have been grounded since those -- but Boeing says the planes could return to service by the end of the month.
What's that battery systems have been upgrade.
-- without 780 sevens the FAA says flying this summer will be more of a hassle.
With longer delays than usual up to three and a half hours.
The FAA blames government spending cuts and plant furloughs of air traffic controllers FAA administrator -- -- and transportation secretary Ray LaHood.
The Department of Transportation will -- 47000.
And close air traffic control towers beginning this Sunday.
More on today's business headlines -- to foxbusiness.com.
In New York I'm Adam Shapiro.
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