Boeing stock surges to lead the Dow's gainers after 787 deliveries could resume after hurdle cleared with FAA
Shares of Boeing Co. ran up 4.7% early Monday, to pace the Dow Jones Industrial Average's premarket gainers, after the aerospace and defense giant reportedly cleared a hurdle with the Federal Aviation Administration (FAA) that could allow it to resume deliveries of its 787 airliner. The FAA said it would approve Boeing's process for validating fixes to each 787 plane before they are delivered to customers, according to an Associated Press report. Separately, The Wall Street Journal reported that Boeing's defense manufacturing plants will vote on Wednesday on a labor contract proposal, which temporarily delays a strike that was scheduled to begin as soon as Monday. Boeing's implied premarket stock gain would add about 49 points to the Dow's price, while Dow futures fell 28 points, or 0.1%. The stock is on track to open at the highest levels seen during regular-session hours since April 26.
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