Dow Jones Sinks; Boeing Stock Rises Again; Intel's New Chip a Midrange Winner
After rising in the morning, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.4% by 12:45 p.m. EDT on Thursday. Initial claims for unemployment benefits for the week ended May 30 were 1.877 million on a seasonally adjusted basis, down from the previous week but higher than economists were forecasting.
The stock of Boeing (NYSE: BA) surged on Thursday, adding to its Wednesday rally, after American Airlines announced increased flights for the summer. Shares of Intel (NASDAQ: INTC) were also up. While it faces intense competition from Advanced Micro Devices, the company's latest PC chips got a positive review.
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Source Fool.com
