Stock Market Update

[BRIEFING.COM] The market is in better shape to begin the week than the standing of the Dow, Nasdaq, and market cap-weighted S&P 500 suggest.

Our conclusion in this respect is based on the outperformance of the Russell 2000 (+0.6%), the equal-weighted S&P 500 (+0.6%), and an advance-decline line that still skews heavily in favor of advancing stocks.

Advancers lead decliners by a 2-to-1 margin at the NYSE and by an 8-to-5 margin at the Nasdaq.

Separately, Dow component Boeing (BA 183.25, +5.30, +3.0%) is an early standout after being upgraded to Outperform from Market Perform at Bernstein, which believes Boeing is making progress on the growth trajectory expected before the Alaska door plug incident in January 2024. Reuters also reported that Riyadh Air could buy the Boeing jets that were rejected by China.