Closing Bell: Boeing Pops on Trump Promise; Stocks Turn Positive

Markets change direction in the final minutes, pushing the Nasdaq to a new record and extending the Dow's win streak into day seven.

Author:: Keris Alison Lahiff
Publish date:: Feb 17, 2017 4:36 PM EST

Markets changed direction in the final minutes, pushing the Nasdaq to a new record and extending the Dow's win streak into day seven. Stocks spent the day mixed. Crude oil prices rose slightly despite an uptick in the number of active oil rigs in the U.S. in the past week. Activity is at its highest since October 2015. Boeing (BA) - Get Report moved higher after President Trump made a speech on jobs and the military at a Boeing facility in South Carolina. Trump said the White House was considering a "big order" of Boeing Super Hornet jets, though didn't provide details. Japan's Softbank is reportedly considering giving up its control of Sprint (S) - Get Report in order for a merger with T-Mobile (TMUS) - Get Report to pass regulatory muster. Shares of Sprint and T-Mobile were both higher on the reports.