Trio of positive developments has Boeing shares soaring

Boeing shares rose about 6% on Monday as a trio of developments boosted sentiment across markets. The rally came alongside a drop in oil prices after President Donald Trump said he called off a planned strike on Iran and would seek a deal to reopen the Strait of Hormuz, a move that also pushed bond yields lower, with the 10-year Treasury falling around 6 basis points. Investors also focused on hyperscalers after Amazon CEO Andy Jassy’s comments on returns from the company’s AI spending. For Boeing specifically, the FAA certified the 737 MAX 7 after delays, BNP Paribas upgraded Boeing to outperform with a raised $300 price target, and the positive news redirected attention toward the 737 MAX 10.