Shares of Aerospace and Defense Companies Make Modest Gains in Wednesday Morning Trading
NEW YORK (AP) -- Aerospace and defense stocks are treading water, edging slightly higher as the market edged back from Tuesday's surge.
Strong earnings from the financial sector and a Federal Reserve interest rate cut sent major indexes barreling upward Tuesday, and most aerospace and defense stocks rose in sympathy. Although the broader markets were mixed in Wednesday morning trading, the sector's gains continued.
Shares of Cedar Rapids, Iowa-based Rockwell Collins Inc. gained 70 cents to $57.74.
General Dynamics Corp., based in Falls Church, Va., added 93 cents to $86.28.
Morristown, N.J.'s Honeywell International Inc. picked up 43 cents to $57.21.
Two stocks missed out on the gains. Chicago-based Boeing Co. declined $1.30 to $75.23.
Shares of Precision Castparts Corp., based in Portland, Ore., shed 56 cents to $101.50.
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