Stocks were mostly lower today as the financial sector under performed. The Dow 30 was higher thanks to Exxon Mobil, adding 38. The S&P 500 was lower by 2, and the Nasdaq 100 was off by 31. Tomorrow there is some light, scheduled news, but mostly the investing world will be waiting for Wednesday's rate announcement by the Federal Reserve Bank.
Boeing (BA ) made headlines today as the U.S. aircraft manufacturer says they signed a deal worth about $17 billion with Iran to supply the country's airline carrier, Iran Air, with as many as 80 passenger jets. Reporters were quick to remind about last year's landmark nuclear agreement, and also the fact that this is Iran's first agreement with a Western company since the Islamic Revolution 37 years ago. Shares of Boeing were higher today by 0.43%, making new 2016 highs again.
Goodyear Tire & Rubber (GT ) gapped higher today, in response to an article by Barron's over the weekend that said that shares of the tire maker could rise 25% in a year to $40 a share as it "benefits from cost cuts and growing demand for larger tires." Shares closed higher by 0.84% today on the news.
Exxon Mobil (XOM ) shot up 2.22% today (along with many other names in the sector) in response to the news about non-OPEC producers agreeing to cut production. In addition to the oil production cutbacks, Exxon Mobil Chairman and CEO Rex Tillerson is said to be one the top picks for Donald Trump's list of candidates to be secretary of state. The media continues to focus on Tillerson's close ties with Russian President Vladimir Putin which has caused some push back from popular lawmakers.