Shares of Boeing Co. accelerated higher, before paring some gains, after reports that U.S. officials believe the fatal crash of the Boeing 737-800 aircraft in Iran earlier this week was caused by Iranian missiles, and not from a technical fault. Boeing’s stock rose as much as 3.1% to an intraday high of $331.37 after the reports. The stock has pulled back slightly to be up 1.6%. The Wall Street Journal reported that the U.S. had a “high level of confidence” that the plane was downed by two Iranian missiles. Boeing’s stock price gain of $5.36 was adding about 36 points to the Dow’s price, which was up 157 points.
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.
Go to Source
[recent_post_carousel slides_to_show=”3″ slides_to_scroll=”1″]