These 2 Industrial Giants Are Making Moves Wednesday
Stocks looked poised to get at least a bit of relief on Wednesday morning. Substantial losses on Tuesday brought several major market benchmarks toward their lowest levels in more than a year, but investors appeared to take some solace from signs that ongoing headwinds to economic growth might eventually give way to more favorable conditions. As of 8:30 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 272 points to 33,432. S&P 500 (SNPINDEX: ^GSPC) futures had gained 25 points to 4,195, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had climbed 53 points to 13,069.
A slew of technology companies released their latest earnings reports, creating some cross-currents in that sector of the market. However, many investors are looking more closely at the industrial sector to see whether manufacturing companies are seeing any improvement in the tough conditions that have hampered their ability to meet demand. Boeing (NYSE: BA) and General Motors (NYSE: GM) both released their latest earnings results, and the duo offered some insight that investors can use in judging the health of the overall economy.
Shares of Boeing were down almost 4% on Wednesday morning. That brought the stock to its lowest level since late 2020 as the aircraft manufacturer failed even to come close to meeting the expectations of its shareholders.
Source Fool.com
