This morning's futures are somewhat misleading, in that Boeing is set to drag more than 250 points off the Dow by itself.
Dow futures were lower this morning, dragged lower by aircraft manufacturer Boeing . Without Boeing, the Dow Jones Industrial Average and S&P 500 are looking at modest gains at the opening bell, as all three major averages try to break five-day losing streaks. div > div.group > p:first-child"> Boeing was nearly 9 percent lower in premarket trading following the weekend crash of an Ethiopian Airlines Boeing 737 Max 8, killing all 157 people on board.
Trump will also seek $8.6 billion for additional barriers along the U.S.-Mexico border in his budget proposal. Congress is unlikely to approve anything that resembles the White House budget as Democrats control the House. Federal Reserve Chairman Jerome Powell told CBS'"60 Minutes" that he does not think he can be fired by Trump."The law is clear that I have a four-year term, and I fully intend to serve it," he told the news magazine show.
Tesla will raise prices of its high-end vehicles by about 3 percent, although it will maintain the pricing of the $35,000 version of the Model 3. It will also keep more of its retail stores open than it had originally planned. Nvidia this morning announced plans to acquire fellow chipmaker Mellanox Technologies for about $7 billion in cash in what would be Nvidia's largest ever acquisition.
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Boeing alone will cost the Dow more than 200 points as stock heads for big declineBoeing is set to tumble more than 8 percent on Monday, a move that will likely keep the Dow Jones Industrial Average lower on the day.
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Dow futures down nearly 200 points as Boeing drops in premarket after deadly Ethiopia plane crashDow futures tumble on Monday, dropping over 100 points as Boeing shares fall sharply in premarket trading after the crash of a 737 Max 8 aircraft that killed 157 on board, the second accident in six months for its newest and popular plane.
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Boeing could bring the Dow industrials to a hard landingAerospace giant is arguably the U.S. market’s most dangerous stock, and puts the Dow Jones Industrial Average at risk, writes Sven Henrich.
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Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
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Boeing shares fall after second deadly 737 MAX 8 crashShares of Boeing Co slid 9 percent in early trading on Monday as many airlines g...
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Boeing shares fall sharply after second deadly 737 MAX 8 crashShares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
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Boeing says has no new guidance for 737 MAX 8 operatorsBoeing said on Monday the investigation into the Ethiopian Airlines crash is in ...
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Airlines ground Boeing 737 MAX 8 planes after crash'Alarms should be and going off all through the aviation industry,' says transportation analyst MarySchiavo on the Ethiopia Airlines crash. She says the US should ground Boeing 737 MAX 8 planes for now. 'Everybody should... Boeing should take the lead.'
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