Dow Jones News: Nike Earnings Impress; Good News for Boeing
The stock market didn't know what to make of the massive $2 trillion stimulus bill expected to be voted on in the U.S. Senate on Wednesday. The bill weighs in at $2 trillion, providing direct cash payments to Americans, aid to large and small businesses, and other provisions meant to get the country through the novel coronavirus pandemic.
By 10:50 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up about 1.5%. Volatility hasn't gone away: The Dow surged at market open, then dropped into negative territory before staging a recovery.
While the Dow struggled to find direction, shares of Nike (NYSE: NKE) and Boeing (NYSE: BA) were soaring. Nike stock was up after a solid quarterly report and optimistic talk from management, and Boeing stock jumped due to the Senate bill and a report that production of the 737 Max could restart in May.
Source Fool.com
