U.S. stocks rallied Wednesday, with the Dow Jones Industrial Average reclaiming the 25,000 level for the first time in over a month, after getting a double dose of boost from the Federal Reserve’s unanimous decision to stand pat on interest rates as well as solid corporate results.
Solid earnings from Boeing Co. helped to propel the Dow Jones Industrial Average higher while technology shares got a lift from better-than-expected quarterly results from Apple Inc.
How are the benchmarks faring?
The Dow Jones Industrial Average DJIA, +1.67% rose 467 points, or 1.9%, to 25,047, while the S&P 500 index SPX, +1.53% advanced 44 points, or 1.7%, to 2,684, and the Nasdaq Composite Index COMP, +2.11% climbed 149 points, or 2.1%, to 7,178.
Boeing stock finds its wings as Tesla: https://www.marketwatch.com/story/boeing-stock-finds-its-wings-as-tesla-revs-its-engine-2019-01-30
Boeing Airways Inc. shares are gaining altitude Wednesday, after the company forecast clear skies ahead.
The aerospace company crushed Wall Street’s expectations with its latest quarterly results, driven by record commercial-airplane deliveries and solid performance from its defense unit.