Buoyed by positive gains for shares of Boeing and Amazon.com Inc., the Dow Jones Industrial Average is soaring Wednesday morning.

The Dow Dow Jones Industrial Average is trading 853 points, or 2.2%, higher, as shares of Boeing Boeing Co. and Amazon.com Inc. Amazon.com Inc. are contributing about one third of the blue-chip gauge's intraday rally.

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Shares of Amazon.com Inc. and Boeing are posting strong returns Wednesday morning, sending the Dow Jones Industrial Average soaring.

The Dow Dow Jones Industrial Average was most recently trading 1,047 points higher (2.7%), as shares of Amazon.com Inc. Amazon.com Inc. and Boeing Boeing Co. are contributing around one third of the blue-chip gauge's intraday rally.

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Boeing Co. reported first-quarter earnings that exceeded Wall Street’s estimates, giving the embattled planemaker a greater degree of stability to navigate dislocations in global trade that have complicated exports.

The planemaker used $2.3 billion in free cash in the three months ended March 31 as it ramped up jet production, Boeing said in a statement Wednesday. That’s better than the $3.4 billion withdrawal that analysts had predicted, according to data compiled by Bloomberg. The adjusted loss per share of 49 cents also beat analysts’ predictions.

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