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Boeing Helps Power Dow Higher

Boeing stock jumped on its quarterly dividend hike and share repurchase plan.

U.S. stocks were largely higher on Tuesday with the Dow Jones Industrial Average rising by triple digits as the Federal Reserve kicks off its two-day policy meeting in Washington.

Shares of Boeing Co. (BA) - Get Boeing Company Report rose by more than 2% helping to power the Dow higher. The stock was up after the company announced a 20% hike to its quarterly dividend and an $18 billion share repurchase plan. Boeing will now pay out $1.71 a share, up from $1.42.

Meanwhile, shares of the Walt Disney Co. (DIS) - Get Walt Disney Company Report were in focus after rival Comcast Corp. (CMCSA) - Get Comcast Corporation Class A Report announced that it was no longer pursuing the purchase of entertainment assets from Twenty-First Century Fox Inc. (FOXA) - Get Fox Corporation Class A Report . A deal between Disney and Fox could be announced on Thursday, CNBC reported.

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