Hewlett-Packard Company (HPQ), Verizon Communications Inc. (VZ): Why Today’s Dow Justifies Ignoring the Fed

The Boeing Company (NYSE:BA)‘s also losing out today, with shares down 0.9%. Despite the fall, the company announced strong news from the Paris Air Show when it said it had received customer commitments to purchase 102 of its 787-10 long-body Dreamliner aircraft in deals that could amount to $29 billion. For shareholders, the optimism surrounding the 787 after this year’s earlier grounding is an assurance that The Boeing Company (NYSE:BA)’s flagship plane is on the right course.

Fellow aerospace player United Technologies Company (NYSE:UTX) can’t boast such good news, however. United Technologies Company (NYSE:UTX)’s stock has fallen 1% after a U.S. district judge ordered the firm to pay $473 million for contract manipulation to win Air Force contracts back in the 1980s. A historical problem like this obviously won’t affect UTC’s business in a meaningful way going forward, but it’s a financial penalty that will hurt regardless of its non-effect on the company’s image.

The article Why Today’s Dow Justifies Ignoring the Fed originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.