Dow up more than 300 points, boosted by Boeing and Apple earnings

Boeing (BA), the largest US exporter, wowed investors with record sales for 2018. It earned more than $100 billion for the first time in its 102-year history, despite trade tensions between the United States and China. The company said it is expecting 2019 to be even better.

Increased deliveries of commercial and military jets buoyed Boeing's results, and sales topped forecasts. Its stock gained more than 7%.

Apple (AAPL) appeared to please investors by delivering news that wasn't as bad as expected. iPhone sales are still sinking, and the company posted its first decline in revenue for a holiday quarter since 2000. There's no end in sight — but much of the pessimism was already priced in: Apple warned investors what to expect earlier this month.

CEO Tim Cook attributed the sales decline to foreign exchange rates, a popular battery replacement program, a decrease in carrier smartphone subsidies and "more severe" macroeconomic conditions in China.

AT&T (T) posted a 15% sales hike, but that fell short of investors' expectations. Its stock sank 4.5%.

Net income fell to $4.9 billion, down sharply from $19 billion a year ago — when the company benefited significantly from the corporate tax cut.

There's more big news ahead for the markets: Wall Street will be closely watching a Fed announcement on Wednesday on whether it will raise interest rates. Chairman Jerome Powell will deliver remarks following the Board of Governors meeting.

The CNN Business staff contributed to this report.

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