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MarketWatch MarketPulseDec 03, 2020
Boeing's stock surge adding more than 110 points to the Dow's price
Shares of Boeing Co. shot up 7.8% in midday trading Thursday, putting them on track to close at a 9-month high, after Ireland-based air carrier Ryanair Holdings PLC said it was increasing its order of Boeing's MAX-8200 aircraft by 75 planes. The aerospace and defense contractor's stock price gain of $17.38 was adding about 114 points to the Dow Jones Industrial Average's price, while the Dow rose 146 points, or 0.5%. Ryanair's increased orders comes after the Federal Aviation Administration order to allow Boeing's 737 MAX jets to fly again, after being grounded for safety reasons since March 2019. Boeing remains focused on safely returning the full 737 fleet to service and on delivering the backlog of airplanes to Ryanair and other customers," said Boeing Chief Executive Dave Calhoun.

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