Stock Market News: HP Stays Strong; Boeing Waits for the FAA
The stock market was open for business on Wednesday morning, but many investors got an early start to the Thanksgiving holiday. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was unchanged at 28,122. The S&P 500 (SNPINDEX: ^GSPC) rose 7 points to 3,147, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 38 points to 8,686.
The holiday-shortened week hasn't generated a huge amount of news, but investors are still following some compelling storylines at some key individual companies. HP (NYSE: HPQ) gave its latest financial report but stayed relatively tight-lipped about a recent takeover bid. Boeing (NYSE: BA), meanwhile, got a reminder that when it comes to its grounded 737 MAX aircraft, the Federal Aviation Administration will have the last word about what's next for the aerospace and defense giant.
Shares of HP were down 1% Wednesday morning after the tech company released its fiscal fourth-quarter financial results. The printer and hardware specialist delivered some good news for the quarter, but it largely stayed mum on the bid that smaller rival Xerox (NYSE: XRX) recently made to buy HP.
Source Fool.com
