Boeing Shares Soared on Major 737 Max Deal, Global Equities Mixed

NYSE
  • Boeing shares soared Thursday after a major order for Boeing 737 MAX jets was confirmed by Ryanair, though global stocks tread water on mixed economic data
  • Most of the day, equities were in the green, but stocks weakened at the end of the session following a report that analyzed difficulties in the supply chains of coronavirus vaccines.
  • Markets have also been watching active stimulus discussions on Capitol Hill that, before the end of the year, have raised expectations of a new spending package.
  • Visit The Financial Today’s homepage for more stories.

Presented by  etoro

NEW YORK — Boeing shares soared Thursday after a major order for Boeing 737 MAX jets was confirmed by Ryanair, though global stocks tread water on mixed economic data

The Irish low-cost carrier’s deal for 75 aircraft was the first major order for the 737 MAX since the aircraft was grounded for 20 months after two deadly accidents.

The news, along with American Airlines’ good test flight, helped push Boeing shares higher as the aircraft steps closer to returning to the sky after gaining approval from US regulators last month.

Most of the day, equities were in the green, but stocks weakened at the end of the session following a report that analyzed difficulties in the supply chains of coronavirus vaccines.

Boeing stock soared 6.0 percent, helping boost the Dow to 29,969.52 with a 0.3 percent gain.

The broad-based S&P 500 fell 0.1% to 3,666.72, while the tech-rich Nasdaq Composite Index rose 0.2% to 12,377.18 , its second record high in three sessions.

With London progressing and Paris and Frankfurt also falling back, European equities were also mixed.

Investors digested data showing slower development in the US services industry in November and better-than-expected fresh unemployment claims ahead of the closely-watched jobs report from the Labor Department.

Markets have also been watching active stimulus discussions on Capitol Hill that, before the end of the year, have raised expectations of a new spending package.

When representatives of the OPEC group of oil producers struck an arrangement to boost supply over the coming months, oil prices advanced, albeit by less than expected in their previous agreement.

Producers will pump 500,000 more barrels a day beginning January 2021. A reduction of 7.7 million barrels per day (bpd) was included in the previous deal, which was expected to be eased to 5.8 million bpd on January 1.

Presented by  etoro

Source: AFP | Image: James Cridland

Total
0
Shares

Leave a Reply

Previous Post
Tokyo Stock Exchange

Most Asian Markets up on Vaccines, Eyes on US Stimulus Talks

Next Post
Tokyo Stock Exchange

Asian Stocks Mixed As Virus Cases Cloud Vaccine Optimism

Related Posts