Boeing shares surged 6.8% after positive news
The S&P 500 rose by 1.1% on Wednesday, March 19, 2025. This increase followed the Federal Reserve's decision to keep interest rates steady. The Fed also mentioned plans for potential rate cuts but showed concern about inflation and economic growth. Boeing shares led the gains, up 6.8%. This surge came after Japan Airlines ordered 17 Boeing 737-8 aircraft. Additionally, Boeing's CFO downplayed the impact of U.S. tariffs, and analysts predicted an uptick in aircraft deliveries for March. Super Micro Computer saw its stock rise by 5.8%. The company introduced new systems using Nvidia's latest AI chips, which are intended for complex AI tasks. This increase helped recover some of the previous day's losses. Caesars Entertainment's stock jumped 5.7% after announcing the addition of two independent members to its board. The new board members are linked to Icahn Enterprises, and their presence could lead to changes in the company's digital business strategy. In contrast, Intel shares fell by 6.9%. This decline interrupted a five-day winning streak. The new CEO has been discussing major restructuring plans that may include staff cuts and changes to manufacturing. Progressive stock dropped 3.5% after it reported February earnings. While the insurer had strong gains in premiums and income, it faced significant losses on investments. Gilead Sciences saw a 2.5% decrease in its share price. This drop followed news that the federal government might cut funding for HIV prevention programs, which are crucial to Gilead's revenue.