Dow's 550-point surge led by gains in Boeing, Raytheon Technologies Corp. stocks

Shares of Boeing and Raytheon Technologies Corp. are posting positive gains Monday afternoon, sending the Dow Jones Industrial Average soaring. The Dow DJIA, +2.32% is trading 558 points, or 2.2%, higher, as shares of Boeing BA, +14.39% and Raytheon Technologies Corp. RTX, +4.77% are contributing around 75% of the index’s intraday rally. Boeing’s shares have risen $24.25, or 14.3%, while those of Raytheon Technologies Corp. have climbed $2.74, or 4.6%, combining for a roughly 185-point bump for the Dow. Other components contributing significantly to the gain include Dow Inc. DOW, +2.96%, Verizon Communications Inc. VZ, +2.87%, and Walgreens Boots WBA, +2.79%. A $1 move in any one of the 30 components of the Dow results in a 6.86-point swing.

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