Why Boeing, Spirit AeroSystems, and American Airlines Stocks Rose Today
It's Friday, and the stock market is looking optimistic again, with the Dow, the Nasdaq, and the S&P 500 each up about 1.5% in midday trading.
What are the bulls snorting so happily about today? As The Wall Street Journal and Xinhua News Agency report, trade negotiators for the United States and China are restarting talks on implementing the Phase 1 trade deal that they signed in January. President Trump had previously threatened to end this deal, and continues to express some doubts about it. But the prospect that the two sides may be moving forward again, combined with reports that the U.S. economy is starting to reopen for business, appears to have investors feeling broadly optimistic today.
Shares of Boeing (NYSE: BA), responding positively to this news, were up about 3.3% as of 1:20 p.m. EDT on Friday. And the stock of Boeing supplier Spirit AeroSystems (NYSE: SPR) was up 8%, while Boeing customer American Airlines (NASDAQ: AAL) was up 3.6%.
Source Fool.com
