Textron Inc
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Industrials : Aerospace & Defense | Mid Cap BlendCompany profile

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, and specialized vehicles and equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.

Postmarket

Last Trade
Delayed
$54.56
0.53 (0.98%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$54.03
Day's Change
0.60 (1.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
54.24
Day's Low
53.48
Volume
(Heavy Day)
Volume:
2,005,140

10-day average volume:
1,126,530
2,005,140

Financial stocks rally, pace Dow's gainers as U.S.-Mexico trade deal helps boost Treasury yields

9:52 am ET June 10, 2019 (MarketWatch)
Print

Financial stocks enjoyed a broad rally Monday, after President Trump's declaration that he would not impose tariffs on imports from Mexico helped push up Treasury yields (http://www.marketwatch.com/story/treasury-yields-follow-stocks-higher-on-us-mexico-trade-deal-2019-06-10) and spark a broader stock market rally. The SPDR Financial Select Sector ETF (XLF) jumped 1.1%, with 63 of 67 components trading higher. Among the more heavily weighted components, shares of Goldman Sachs Group Inc. (GS) gained 2.5% to pace the Dow Jones Industrial Average's gainers, while J.P. Morgan Chase & Co.'s stock (JPM) was in second with a 1.5% rise. Elsewhere, shares of Citigroup Inc. (C) jumped 2.6% to pace the financial ETF's gainers, Bank of America Corp. (BAC) hiked up 2.4% and Wells Fargo & Co. (WFC) advanced 1.4%. The Dow gained 148 points, or 0.6%, and the yield on the 10-year Treasury note rose 4.5 basis points to 2.129%. Higher longer-term yields can help boost bank profits, as the spread between what banks earn on longer-term assets, such as loans, the cost of shorter-term liabilities used to fund those assets widens.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 10, 2019 09:52 ET (13:52 GMT)

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