A quick look at yesterday: Boeing rallied $3.56 (2.03%) deep into the session, closing at $178.88.
United States Core PCE Price Index (MoM) (Oct) is next today at 13:30 UTC.
Boeing's uptick comes amid good United States macroeconomic data released during the day — United States Pending Home Sales beat analyst expectations of -5% and the previous reading of -8.7% with new data of -4.6%.
On the flip side, Crude Oil Inventories in United States fell short of market expectations (-2.76 million) with a reading of -12.58 million, continuing the decline from the previous figure of -3.69 million.
Meanwhile, United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
Analysis of Boeing's recent price action suggests Boeing could be slowing down soon; it is getting close to the resistance line and is now at $181.39, only $2.51 away. Crossing the resistance line could, however, suggest that further gains are ahead.
A look at other industrials stocks also showed bullish price action as United Parcel Service traded at $189.73 after closing yesterday's trading day at $184.89 (up 2.62%). Automatic Data Processing was up 2.75%. Union Pacific was up 2.19%.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released today at 13:30 UTC.
Also worthy of note, tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 200,000 from the preceding figure of 261,000.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Oct) scheduled to come out today at 13:30 UTC.