Boeing and airlines boost Wall Street

The American airline builder soared 12% after the Federal Aviation Administration, the industry regulator in the United States, started the certification process for the 737 Max models to be able to fly again.

Traders work on the floor of the New York Stock Exchange (NYSE) shortly before the closing bell in New York, US, January 6, 2017. REUTERS / Lucas Jackson

The New York Stock Exchange ended the first session of the week with gains, with Boeing boosting the Dow Jones to 2,32% gains, to 25.595,80 points.

The American aerial construction company shot 12% after the Federal Aviation Administration, the sector regulator in the United States, having started the certification process for the 737 Max models to be able to fly again.

To this end, a three-day test is prepared in which the analysis will be software of the aircraft, which was the reason for the fall of two planes that resulted in more than 346 people.

In the other indices, the Nasdaq technology reversed the losses recorded at the beginning of the session, rising 1,20% to 9.874,15 points. The S&P 500 appreciated 1,47%, to 3.053,24 points.

The rise in Boeing shares boosted market sentiment towards airline companies. American Airlines soared 7,59%, United Airlines appreciated 7,24% and Delta Airlines rose 6,32%.

Also noteworthy is the 9,64% rise in Southwest Airlines after Goldman Sachs changed the stock recommendation from “sell” to “buy” and increased the target price from $ 35 to $ 47.

In the case of raw materials, the price of oil advances slightly in London, with the Brent barrel increasing by 0,02%, to $ 41,87. In the United States, West Texas Intermediate rose 2,94% to $ 39,62.

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