|
 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.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Shares of Li Auto Inc. took an 8.5% dive in premarket trading Wednesday, after the China-based electric vehicle maker filed for a public offering of 47 million shares of its U.S.-listed stock. Each American depositary share (ADS) represents two Class A ordinary shares. The public share offering represents about 5.6% of the shares outstanding, based on data provided by FactSet. Earlier, Li Auto reported a monthly record for deliveries in November, but the stock erased earlier gains of as much as 5.1% to trade lower ahead of the open. The stock has run up 95.1% over the past three months through Tuesday, while the iShares MSCI China ETF has gained 4.2% and the S&P 500 has tacked on 2.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
