Nike, Boeing share gains contribute to Dow's 489-point rally

© Marketwatch

Video: Goldman cuts U.S. GDP outlook over Omicron fears (Reuters)

Behind positive growth for shares of Nike and Boeing, the Dow Jones Industrial Average is rallying Tuesday afternoon. The Dow is trading 489 points higher (1.4%), as shares of Nike and Boeing are contributing to the blue-chip gauge's intraday rally. Nike's shares are up $10.57, or 6.7%, while those of Boeing have gained $10.44 (5.5%), combining for a roughly 138-point bump for the Dow. Other components contributing significantly to the gain include Walt Disney American Express and Visa A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.