Shares of aerospace giant Boeing $BA surged by 4% following the company's announcement to boost production of the 737 MAX, its best-selling narrow-body aircraft. CEO Kelly Ortberg unveiled the updated 737 MAX manufacturing plan at the Bernstein conference, revealing goals to ramp up output to 47 jets per month by late 2025.

On Tuesday, Devon Energy $DVN reported its first-quarter earnings, which fell short of Wall Street's expectations. While the company saw a significant increase in production, the decline in oil prices, particularly for Brent crude, led to weaker-than-anticipated profits. This performance highlights the challenges facing energy companies as they navigate fluctuations in global oil prices, even as they expand their production capabilities.