Dow surges 550 points on gains for Boeing, American Express shares

Dow surges 550 points on gains for Boeing, American Express shares
Dow Update Published: June 3, 2020 at 3:35 p.m. ET Shares of Boeing and American Express are posting strong returns Wednesday afternoon, sending the Dow Jones Industrial Average soaring. The Dow DJIA, +2.04% is trading 556 points higher (2.2%), as shares of Boeing BA, +12.94% and American Express AXP, +6.38% have contributed around two thirds…

Dow Update

Shares of Boeing and American Express are posting strong returns Wednesday afternoon, sending the Dow Jones Industrial Average soaring. The Dow
DJIA,
+2.04%

is trading 556 points higher (2.2%), as shares of Boeing
BA,
+12.94%

and American Express
AXP,
+6.38%

have contributed around two thirds of the blue-chip gauge’s intraday rally. Boeing’s shares are up $19.43 (12.7%) while those of American Express are up $6.33 (6.4%), combining for a roughly 177-point bump for the Dow. Also contributing significantly to the gain are Raytheon Technologies Corp.
RTX,
+6.42%
,
JPMorgan Chase
JPM,
+5.39%
,
and Exxon Mobil
XOM,
+4.07%
.
A $1 move in any one of the 30 components of the Dow results in a 6.86-point swing.

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