MarketWatch: Boeing’s stock surge would about 60 points to the Dow, after report 737 MAX test flights to begin

Commentary, News

Published: June 29, 2020 at 8:58 a.m. ETBy 

Tomi Kilgore

Shares of Boeing Co. BA, +7.97% have extended gains to 5.2% in premarket trading Monday, to pace all of the Dow Jones Industrial Average’s DJIA, +1.06% early gainers, after reports that U.S. regulators are set to begin flight tests of the grounded 737 MAX. The stock’s implied price gain would add about 60 points to the Dow, while Dow futures YM00, +0.72% rose 89 points. Citing people familiar with the details, the Associated Press reported the flights, which could begin as early as Monday, and are scheduled to last three days. The 737 MAX planes have been grounded for 15 months, following two deadly accidents. Boeing’s stock has gained 4.9% over the past three months, but had tumbled 47.8% year to date, while the Dow has run up 15.6% over the past three months while losing 12.3% this year.

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