Shares of Boeing Co. (BA) soared by a double-digit percentage for a third-straight day on Wednesday, and are a big reason the Dow Jones Industrial Average is up in morning trading while the other broad market indexes are down. The stock ran up $20.44, or 16.0%, after jumping 20.9% on Tuesday and surging 11.2% on Monday. The price gain was adding about 139 points to the Dow's price. The Dow was up 160 points, or 0.8%, while the S&P 500 was down 0.4% and the Nasdaq Composite was losing 0.9%. Boeing's 55.9% gain so far this week puts the stock on track for the best weekly performance since December 1974, according to FactSet data. Boeing is in line to receive government aid, as the aerospace industry has been hit hard by the COVID-19 pandemic, but Boeing Chief Executive Dave Calhoun said Tuesday ( ) he wasn't willing to take a bailout if it meant giving the government an equity stake.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 25, 2020 10:39 ET (14:39 GMT)
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