Boeing Carries Dow Index to New Highs

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Boeing Carries Dow Index to New Highs
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U. S. stocks continued to rally Wednesday after the Federal Reserve Bank announced its plans to keep interest rates unchanged
and a number of major corporations reported better-than-expected second-quarter results.
The aircraft maker attributed its solid quarter to strong demand for air travel
and the success of ongoing cost-cutting efforts, committing to make four years worth or contributions, or $3.5 billion worth of shares, to its retiree pension fund over the next three months.
Coke and Ford also posted earnings that beat the Street’s estimates Wednesday, joining the 78% of the one third of S&P 500 components
that have already reported Q217 results, according to data from The Earnings Scout.
Atlanta-based beverage giant Coke saw its shares close up 1.1% at $45.74 per share on Wednesday, while automaker Ford declined 1.8% to $11.06
Alongside news from the Fed, investors were focused on quarterly earnings reports
from players including Boeing, the Coca Cola Co. (KO) and Ford Motor Co. (F).
While the aerospace company missed revenue projections, the stock saw its biggest
gain since 2009, as management pleased investors by hiking full-year guidance.


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