US Stock Market Move | Boeing Company (BA.US) rose more than 2%. CEO of Riyadh Airlines: Willing to take over cancelled orders from China.

On Monday, Boeing Company (BA.US) rose by over 2%, reaching $181.91. On the news front, the CEO of Saudi Arabia's airline, Tony Douglas, stated on Monday that if the planes originally planned to be delivered to Chinese airlines by Boeing Company cannot be delivered, this newly established Saudi airline is prepared to purchase those planes. Currently, Boeing Company is facing challenges as China has suspended receiving deliveries of planes from the American company amidst escalating US-China trade tensions. Boeing Company has already retracted the delivery of a third plane to the US and is also looking to resell dozens of planes that China has rejected due to tariff issues.