Dow Jones Surges as Boeing Reports Cancellations, IBM Signs Hybrid Cloud Deal, and American Express Eyes Kabbage
The Dow Jones Industrial Average (DJINDICES: ^DJI) was having another strong day on Tuesday, up 0.71% at 2:40 p.m. EDT and handily outperforming the other major U.S. stock indexes. In COVID-19 news, Russia announced that it had approved a vaccine and would begin inoculating teachers and medical workers this month. However, the effectiveness and safety of Russia's vaccine is unknown.
Helping drive the Dow's gain on Tuesday were Boeing (NYSE: BA), International Business Machines (NYSE: IBM), and American Express (NYSE: AXP). Boeing stock rose despite more 737 MAX cancellations, IBM stock jumped after the company signed a hybrid cloud deal, and American Express stock surged on reports of a potential acquisition.
Image source: Getty Images.
Source Fool.com
