Dow’s Continues To Reach Higher, Is The Sky The Limit? – Bank of America Corp (BAC), JPMorgan Chase & Co. (JPM),The Boeing Company (BA)

Outside of the Dow, insurance giant American International Group Inc (NYSE:AIG) is on the rise this morning. Up 1.7%, the insurer is seeing a continued rebound during the first few months of 2013. Recently named the new hedge-fund darling, AIG is enjoying more face time with average investors, who are largely still wary of the firm’s stock. But with big investing names behind it, there is little doubt that Main Street will soon follow Wall Street. AIG has also been making strategic moves in China, including an expansion of its joint venture with the PICC Group, and it’s seeing increased demand for various insurance products from the country’s growing middle class.

Flying higher
The one stock that’s going gangbusters today does not reside in the financials sector. The Boeing Company (NYSE:BA) is up 2.8% so far this morning on the news that the FAA may soon approve the company’s fixes for its 787 Dreamliner fleet. Though this approval would only make it possible for The Boeing Company (NYSE:BA)to test the fix, it is the next step toward getting the fleet back in the air. The tests are slated to start later this month, even though the National Transportation Safety Board is preparing to release a report and investigative files about the Dreamliner batteries that challenge the FAA procedure that approved them for safe use in the first place.

The article Dow’s Continues To Reach Higher, Is The Sky The Limit? originally appeared on Fool.com and is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned, but you can contact her here. The Motley Fool recommends American International Group (NYSE:AIG). The Motley Fool owns shares of American International Group, Bank of America, and JPMorgan Chase & Co (NYSE:JPM). and has the following options: Long Jan 2014 $25 Calls on American International Group.

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