Dow Jones gets a boost as Boeing shares take off

THE DOW industrials rose for an eighth consecutive session yesterday, lifted by a rise in Boeing’s stock, while a mixed group of economic figures kept the broader Standard & Poor’s (S&P) 500 in check.

Boeing, up 2.2 per cent at $70.87, gave the Dow its biggest boost. Boeing is the Dow’s best-performing stock so far this year.

The Dow Jones industrial average gained 45.50 points, or 0.42 per cent, to end at 10,779.17. The S&P’s 500 Index dipped 0.38 point, or 0.03 per cent, to 1,165.83. The Nasdaq Composite Index gained 2.19 points, or 0.09 per cent, to close at 2,391.28.

The Dow’s eight-session winning streak is the longest since an eight-day string of gains that ended Aug. 27, 2009.

About 7.66bn shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq.

NYSE declining stocks outnumbered advancing ones by a ratio of about three to two. For every 15 stocks that fell on the Nasdaq 11 rose.