Boeing Down on the Dow Jones as Disney Stock Continues to Rise
The big loser on the Dow Jones Industrial Average for Friday is Boeing (BA), down 209 points. Compare that to the big winner Disney (DIS), up 110 points.
The biggest news for the stock markets this week is Disney’s incredible earnings and rising stock. That stock is up 11% right now, and the company managed to bring in $21.2 billion last year, which is a 5.4% increase from the previous year. A lot of that is being driven by Disney Plus subscriptions, which accounted for over $6 billion of Disney’s income.
Boeing is suffering right now after several malfunctions during flight were reported earlier in the month. These were door plugs that caused the plane to depressurize and forced the planes to be grounded. Boeing is now being subjected to an airframe inspection from the Federal Aviation Authority (FAA) and is not allowed to increase plane production until the known issues are sorted out.
These problems have hurt the Boeing stock dramatically, bringing it down by 5% on Thursday and causing the company’s management to scramble and figure out where they go from here.
McDonald’s stock climbed 1.6% Friday after its 2023 Q4 report was released. The better than expected earnings helped the stock tick upward. This is one company that has weathered the pandemic crisis admirably and manage dot gain 40% in its stock process since early 2021.
Catching up with the Market
Trading for the week will close out later on today, and traders should know a few key facts heading into the weekend.
The S&P 500 crossed 5,000 points for the first time Thursday, an important milestone that promises a healthy, active market.
Pinterest and PepsiCo both released earnings statements this week, which are going to drive those stocks as the week’s trading closes out. Pepsi’s report showed better than expected earnings but a decline from previous years. Pinterest’s revenue was a bit lower than expected.
Delta Air Lines is opening exclusive lounges that will start first in three key airports in New York, Boston, and Los Angeles. Delta’s stock moved up 3% in the last five days.
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