Boeing, AmEx: Dow Movers
NEW YORK (TheStreet) -- Wall Street finished solidly higher on Wednesday with the Nasdaq surging more than 2% following a massive post-earnings rally in Apple(AAPL) .
The Dow Jones Industrial Average rose 89 points, or 0.7%, to 13,091. The S&P 500 increased 19 points, or 1.4%, to 1391, and the Nasdaq jumped 68 points, or 2.3%, to 3030.
Breadth within the Dow was positive with 24 of the index's 30 components on the rise.
Shares of Boeing rose 5.29% to $77.08. The aerospace and defense company's first-quarter earnings and revenue beat analysts' expectations. Boeing reported first-quarter earnings of $1.11 a share on revenue of $19.4 billion. Analysts expected earnings of 94 cents a share on revenue of $18.4 billion.
TheStreet Ratings gives Boeing a B grade with a buy rating and $84.43 price target.
DuPont shares gained 2.13% to $53.80. The chemicals giant increased its quarterly dividend 5% to 43 cents a share. Also in the news Wednesday, UBS analysts raised their price target on the stock to $53.
DuPont gets a A- grade with a buy rating and $60.76 price target from TheStreet Ratings.
Shares of American Express rose 2.22% to $58.91. The credit card company plans to hold its annual shareholder meeting on April 30.
TheStreet Ratings gives American Express an A+ grade with a buy rating and $68.08 price target.
The biggest Dow decliner was Caterpillar(CAT) . Shares fell 4.58% to $103.44.