Tue. Dec 3rd, 2024

Boeing Looks to Lead the Way as Stocks Looking to Rebound

Boeing Company is poised to take the lead as the U.S. stock market shows signs of recovery. The aerospace giant’s shares rose by 3.3% on Thursday, making it the best performer in the Dow Jones Industrial Average. The S&P 500 and the Nasdaq Composite also saw gains, with the S&P 500 up by 1.1% and the Nasdaq Composite up by 1.3%. Boeing’s gains came after the company reported better-than-expected earnings for the third quarter. The company’s revenue rose by 13% to $17.8 billion, while its earnings per share came in at $2.11, beating estimates by 31 cents.

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