Dow rallies nearly 425 points on gains in Caterpillar, Boeing stocks

Shares of Caterpillar and Boeing are seeing strong returns Thursday afternoon, propelling the Dow Jones Industrial Average rally. The Dow DJIA, +0.89% was most recently trading 422 points, or 1.3%, higher, as shares of Caterpillar CAT, +7.95% and Boeing BA, +4.28% have contributed around half of the index’s intraday rally. Caterpillar’s shares are up $17.25 (8.8%) while those of Boeing are up $7.72, or 5.8%, combining for a roughly 165-point boost for the Dow. Honeywell HON, +3.74%, McDonald’s MCD, +3.45%, and Chevron CVX, +0.99% are also contributing significantly to the gain. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.

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