Midday Movers: Boeing and Tesla Gain, Tyson Falls

0
81
midday-movers:-boeing-and-tesla-gain,-tyson-falls

Key Takeaways

  • U.S. equities were up slightly at midday Monday, Nov. 13, 2023, continuing the rally that sent the major indexes up 1% or more on Friday.
  • Boeing received a $52 billion jet order from Emirates, and shares jumped.
  • Tyson Foods shares fell as the big meat processor posted a drop in sales and warned about 2024.

The Dow, S&P 500, and Nasdaq were in the green but little changed at midday as the rally that sent the markets to strong gains on Friday continued to start the week.

Boeing (BA) shares advanced as Dubai-owned Emirates said it would buy 95 Boeing passenger jets for $52 billion. Shares of Tesla (TSLA) gained as the EV maker struck a deal with British gas station operator EG Group to put Tesla’s superchargers in its locations throughout Europe.

Chevron (CVX) shares also rose as the energy giant resumed supplying natural gas to Israel from its offshore Tamar gas field.

Tyson Foods (TSN) shares fell as the giant food processor missed revenue estimates and gave a full-year outlook below forecasts.

Shares of lithium producer Albemarle (ALB) declined after ExxonMobil (XOM) announced plans to provide lithium for EV batteries by 2027. ExxonMobil shares increased. 

Oil and gold futures were higher. The 10-year Treasury note climbed. The U.S. dollar increased versus the yen, but lost ground to the euro and pound. Most major cryptocurrencies traded in the red. 

TradingView

LEAVE A REPLY

Please enter your comment!
Please enter your name here