Dow Up 89 Points On Gains For Apple, Travelers Shares

Joby Aviation Inc

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Industrials : Passenger Airlines | Small Cap Growth

Company profile

Joby Aviation, Inc. is a transportation company. The Company is developing an all-electric vertical take-off and landing (eVTOL) aircraft to be used by the Company to deliver passenger and freight air transportation as a service. The Company is engaged in designing and testing a piloted all-electric aircraft, which can take off and land vertically, while cruising like a traditional airplane. The aircraft is quiet when taking off, near silent when flying overhead and is designed to transport a pilot and four passengers at speeds of up to approximately 200 miles per hour with a maximum range of approximately 150 miles on a single charge. The Company focuses on operating its aircraft on journeys ranging from 5 to 150 miles between cities and their surrounding areas. It intends to deploy eVTOL aircraft in local aerial ridesharing networks in cities around the world. It also plans to develop an application-based platform that permits consumers to directly book rides through its service.

Dow Up 89 Points On Gains For Apple, Travelers Shares

11:45 am ET September 18, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Apple and Travelers are trading higher Monday morning, lifting the Dow Jones Industrial Average into positive territory. Shares of Apple (AAPL) and Travelers (TRV) have contributed to the index's intraday rally, as the Dow was most recently trading 89 points (0.3%) higher. Apple's shares are up $3.04 (1.7%) while those of Travelers have gained $2.44 (1.5%), combining for a roughly 36-point boost for the Dow. Also contributing significantly to the gain are Visa (V), Amgen (AMGN), and Caterpillar (CAT). A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled September 18, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 18, 2023 11:45 ET (15:45 GMT)

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Dow Up 89 Points On Gains For Apple, Travelers Shares