Boeing Keeps Dow in Positive Territory as Stock Market Slides

boeing stock dow ap

The Dow outperformed the broader U.S. stock market Friday thanks to strong performances from Boeing Co (NYSE:BA) and Microsoft Corp (NASDAQ:MSFT).The U.S. stock market turned lower in afternoon trading, diverging sharply from a positive pre-market for Dow futures. The S&P 500 Index fell 0.2% to 2,989.05, with utilities and communication services among the worst performers. The technology-focused Nasdaq Composite Index declined 0.3% to 8,185.06.The Dow Jones Industrial Average pared most of its gains and was last up 25.46 points, or 0.1%, at 27,248.23.Shares of Microsoft surged to record highs after the software giant reported better than expected earnings and revenue Thursday evening. The company’s intelligent cloud segment, which includes Azure, posted annual revenue growth of 64% in the fiscal fourth quarter.Shares of Boeing – the Dow’s largest component – surged Friday after the aerospace contractor said it would pay $5 billion in after-tax charges to compensate airline customers for the…

Read the original article here