Shares of Boeing Co. BA shed 2.08% to $167.02 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.11% to 5,842.91 and the Dow Jones Industrial Average DJIA rising 0.
While other aerospace stocks have done well, with GE stock rising 65% and Airbus ADR up 5%, Boeing has itself to blame for the headwinds it faced last year.
The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the US economy.
Boeing Co. closed $47.02 short of its 52-week high ($217.59), which the company achieved on January 24th.
Overall Boeing delivered 30 planes during the final month of the year, for a total of 348 deliveries in 2024, down from 528 the prior year. In addition to the strike, Boeing struggled in 2024 with ...