After closing the previous trading day at $172.94, Boeing is up to $173.93, which makes for a move of 0.57%/99 cents today.
At the same time, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.974, while the previous figure was 4.192. United States 2-Year Note Auction released yesterday at 16:30 UTC with a figure of 4.505, while the previous figure was 4.46.
Boeing made an initial breakout above its 10 day Simple Moving Average at $173.46, a potential indicator of a newly emerging bullish phase. In contrast, Boeing could be slowing down soon; it is getting close to the resistance line and is now at $174.73, only 80 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Examining the technical analysis landscape, Boeing might continue its downtrend in the short term.
Rallies can also be seen in other industrials stocks, Caterpillar is up 1.77%. Union Pacific is trading at $214.95 after ending yesterday's session at $212.27 (up 1.26%). Raytheon Technologies is trading at $97.25 after ending yesterday's session at $96.2 (up 1.09%).
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published tomorrow at 13:30 UTC.
Also worthy of note, tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 225,000 from the preceding figure of 222,000.
Furthermore, the market is looking at United States New Home Sales (Oct) will be released tomorrow at 15:00 UTC.
Having set a significant low of $115.86 5 months ago, the aircraft manufacturer is trading 49.27% higher.