These Stocks Are Moving the Most Today: DJT, Boeing, Tesla, FedEx, and More
Dow Jones Industrial Average Rises Over 300 Points
The Dow Jones Industrial Average (DJT) rose over 300 points on Monday, led by gains in Boeing and Tesla. The DJT closed at 34,514.59, up 332.52 points (0.98%).
Boeing Soars After 737 MAX Order
Boeing (BA) shares jumped 5.3% on Monday after the company announced an order for 200 737 MAX aircraft from United Airlines. The order is valued at $15 billion at list prices.
Tesla Rises on Strong Vehicle Deliveries
Tesla (TSLA) shares rose 3.4% on Monday after the company reported strong vehicle deliveries for the third quarter. Tesla delivered 343,000 vehicles in the quarter, up 42% from the same period last year.
FedEx Falls on Earnings Miss
FedEx (FDX) shares fell 4.5% on Monday after the company reported earnings that missed analysts' expectations. FedEx reported earnings per share of $4.09, below the consensus estimate of $4.13.
Other Notable Stock Movements
* Apple (AAPL) shares rose 2.2% on Monday. * Microsoft (MSFT) shares rose 1.9% on Monday. * Amazon (AMZN) shares rose 1.5% on Monday. * Meta Platforms (META) shares fell 3.1% on Monday. * Alphabet (GOOGL) shares fell 2.7% on Monday.
Market Outlook
The stock market is expected to continue to be volatile in the coming weeks as investors await the outcome of the midterm elections and the Federal Reserve's next interest rate hike. However, the long-term outlook for the market remains positive, as the economy is expected to continue to grow and corporate earnings are expected to remain strong.
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