Dow Today: Boeing (BA) Leads The Day Higher

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The Dow Jones Industrial Average ( ^DJI) closed up 124 points (+0.7%) at 17,100. During the day, 344.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 304.8 million. The NYSE advances/declines ratio closed at 2,517 issues advancing vs. 540 declining with 120 unchanged.
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The Dow component that led the way higher today was Boeing (NYSE: BA), which sported a $1.76 gain (+1.4%) bringing the stock to $127.64. This single gain is lifting the Dow Jones Industrial Average by 13.32 points or roughly accounting for 10.7% of the Dow's overall gain. Volume for Boeing ended the day at 3.1 million shares traded vs. an average daily trading volume of 3.6 million shares.

Boeing has a market cap of $92.92 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 6.7% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.3%.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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