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Top Midday Stories: Markets Rally on Trade Deal Hopes; Boeing Q1 Commercial Deliveries Jump 57% Year Over Year
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Top Midday Stories: Markets Rally on Trade Deal Hopes; Boeing Q1 Commercial Deliveries Jump 57% Year Over Year
Apr 8, 2025 8:58 AM

11:44 AM EDT, 04/08/2025 (MT Newswires) -- All three major US stock indexes were up over 2% in late-morning trading Tuesday on rising hopes of trade deals between the US and other nations.

In company news, Boeing Company ( BA ) said Tuesday it delivered 130 commercial airplanes in Q1, 57% up from 83 a year ago. The company said its defense, space and security programs delivered 26 aircraft in Q1, up from 14 during the same period last year. Boeing ( BA ) shares were up 4.3% around midday.

The US Centers for Medicare and Medicaid Services said late Monday that it will increase payment rates for Medicare insurers to 5.06% next year, a 2.83 percentage-point increase over the previously proposed boost in January. Shares of UnitedHealth Group ( UNH ) , Humana (HUM) and CVS Health ( CVS ) were up 6.7%, 10.9% and 8.2%, respectively.

Levi Strauss (LEVI) reported Q1 adjusted earnings late Monday of $0.38 per diluted share, up from $0.25 a year earlier and above the $0.28 consensus estimate of analysts polled by FactSet. First-quarter net revenue was $1.53 billion, up from $1.48 billion in the year-ago period but below the FactSet consensus of $1.54 billion. Chief Financial Officer Harmit Singh said during the company's earnings call that tariffs are expected to have a "minimal impact" on its fiscal Q2 margin. Levi shares were down 3.3%.

CVS Health ( CVS ) said Tuesday it has named Brian Newman as CFO, effective April 21, and Amy Compton-Phillips as chief medical officer, effective May 19. Newman, who previously served as CFO for United Parcel Service ( UPS ) , will succeed Tom Cowhey, who will transition to serve as strategic advisor to Chief Executive David Joyner, effective May 12.

Price: 144.80, Change: +5.94, Percent Change: +4.28

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