Boeing dragged down the Dow in today’s session. The company will take a big charge in its second-quarter to deal with a problem with a tanker that it’s developing for the U.S. Airforce. The firm says the results will lower its earnings for the full-year. Shares were off more than one percent to $146.84.
J.B. Hunt reported earnings that rose less than expected. Results were hurt by a decrease in fuel-surcharge revenue and poor demand for its truckload and intermodal services. Shares fell a fraction to $84.69.
Shares of Rapid7 surged in that company’s trading debut. The cyber security firm priced its shares at $16 a piece, above the expected range and is valued at around $1 billion. Shares ended the day at $25.28, an increase of 58 percent.
SunTrust Bank reporting earnings and revenue that topped estimates. This as second-quarter expenses fell. Revenue did slip and a key measure of lending profitability was off. Shares were off more than one percent to $44.75.