Boeing's stock surges after deliveries data, to add nearly 70 points to Dow's price
Shares of Boeing Co. jumped 3.1% in morning trade Tuesday, enough to pace the Dow Jones Industrial Average's gainers, after the aerospace giant reported fourth-quarter commercial airplane deliveries that exceeded expectations. The stock's price gain of $10.23 added about 69 points to the Dow's price, or nearly half the Dow's 156-point gain. Boeing said 238 commercial airplanes were delivered during the latest quarter, which was up from 209 reported a year ago and above the FactSet consensus of 235 deliveries. Of the total, 737 deliveries rose to 173 from 148 a year ago. Total defense, space and security program deliveries fell to 32 from 43 last year. 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.