Boeing, American Express share gains contribute to Dow's 487-point rally

Led by strong returns for shares of Boeing and American Express, the Dow Jones Industrial Average is rallying Wednesday afternoon. Shares of Boeing BA, +12.94% and American Express AXP, +6.38% are contributing to the blue-chip gauge’s intraday rally, as the Dow DJIA, +2.04% was most recently trading 487 points (1.9%) higher. Boeing’s shares have gained $18.53, or 12.1%, while those of American Express have risen $5.70, or 5.8%, combining for a roughly 166-point boost for the Dow. Other components contributing significantly to the gain include JPMorgan Chase JPM, +5.39%, Raytheon Technologies Corp. RTX, +6.42%, and Exxon Mobil XOM, +4.07%. A $1 move in any one of the 30 components of the Dow results in a 6.86-point swing.

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