NewsBreak: Boeing, Walgreens Power Dow Higher

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Investing.com – While most of the stock market was treading water Tuesday, Boeing (NYSE:) and Walgreens Boots Alliance (NASDAQ:) were giving the a jolt.

  • The blue-chip index was up about 90 points, or 0.3% and hit a new intraday peak of 27,560.36 as Boeing (NYSE:) shares rose 2.85%, adding 68 points to the index by itself at 2:11 p.m. ET (19:11 GMT). Walgreens Boots Alliance (NASDAQ:) shares were up about 4% on reports the pharmacy giant is thinking of going private. The gain added 16 points to the .
  • The Boeing (NYSE:) catalyst appeared to be Chairman David Calhoun’s comments on CNBC that CEO Dennis Muilenberg will stay in the job “because he’s done everything right.” But the CEO will forego his entire 2019 bonus. Calhoun also said that Boeing expects to make settlements with airlines, whose schedules have been disrupted by the grounding of the 737 MAX airliner.
    • Walgreens Boots Alliance (NASDAQ:) shares jumped on a Reuters report the company has been exploring going private after inquiries from private-equity companies. The company has hired Evergreen Partners to explore if a deal can be put together, Reuters said.
    • Walgreen’s market capitalization was about 52.8 billion Tuesday afternoon, and deal might produce the largest leveraged buyout ever, Reuters said. Walgreen’s shares are off about 7% this year at a time when the itself is up nearly 18%.
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