Economic news

Dow Jones jumps 200 points as shares of Boeing gain

U.S. main stock indexes edged higher in morning trade on Wednesday, pushing the Dow Jones on course to recover after a strong two-day sell-off.

The Dow Jones Industrial Average soared 0.8%, to 26,290, the S&P 500 index advanced 0.4%, to 2,834. The Nasdaq Composite Index gained 0.6%, to 7,444.

The strong corporate reports, good preliminary data on employment and President Donald Trump's State of the Union address weighed on stock market.

Shares of Boeing rose 5.2% due to positive quarterly results and strong forecasts for 2018.

Investors also focused on the first this year's meeting of the Federal Reserve, which will be the last for Janet Yellen as chairwoman of the Central Bank. The market expects the regulator to keep interest rates steady.


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