Soaring Boeing’s stock adds 50 points to Dow industrials afternoon rally

The Dow Jones Industrial Average Tuesday afternoon was trading in record territory, with shares of Boeing Co. contributing the lion’s share of the blue-chip average’s gains. Shares of Boeing were up $7.45, or 2.4%, equating to a more than 50-point gain for the price-weighted Dow . A $1 move in any one of the Dow’s 30 components translates to a 6.83-point swing in the average. The Dow was up 0.5% at 25,400. Boeing’s hefty moves comes after reports that the plane manufacturer is facing a big backlog of orders in 2017, suggesting its sales in the coming year could be stronger-than-expected. Boeing has been one of the biggest factors in the Dow’s recent historic rally to a round-number milestone above 25,000, adding more than 140 points to that benchmark. So far, it is among the biggest gainers in the first six days of 2018. Elsewhere, the S&P 500 index was up 0.3% at 2,765, while the Nasdaq Composite Index was showing a gain of 0.2% at 7,171.

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