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Saturday, August 17, 2019
HomeNewsEconomyDow Closes at Record High; Boeing Shares Soar on Strong Earnings

Dow Closes at Record High; Boeing Shares Soar on Strong Earnings

A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)
A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)

A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)

The Dow Jones Industrial Average (INDEXDJX:.DJI) closed up 97.58 points, or 0.45% to a new record high of 21,711.01.

Boeing Company (NYSE:BA) rose 20.92 points, or 9.84% to $233.45 per share after posting strong earnings.

The S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) also hit fresh new intraday highs, the former closing up 0.7, or 0.03% to 2,477.83, while the latter closed up 10.57 points, or 0.16% to 6,422.75.

Get a complete stock market overview of major stocks, indexes, currencies and commodities on PPD Markets.

Commodities

Oil prices hit a two-month high after the Energy Information Administration (EIA) said domestic crude supplies continued to fall last week. Crude Oil WTI (CL) ended the session up 4.47%, rising to $48.73 a barrel.

Get a complete stock market overview of major stocks, indexes, currencies and commodities on PPD Markets.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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