Dow nearly turns positive at close, but Wall Street can't shake yield curve blues
Investors are reacting to an inverted yield curve that's sounding recession alarm bells
Company
NYSE:BA
Boeing Co is an aerospace company. The company's segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS) and Boeing Capital (BCC). Its BCA segment develops, produces and markets commercial jet aircraft to the commercial airline industry worldwide.
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Investors are reacting to an inverted yield curve that's sounding recession alarm bells
In a note, the US investment bank said in a results meeting following its full-year results on 28 February the CFO had, for the first time, guided for softer company-defined earnings (EBITA) margins of around 10% for 2023-2024, lower than t
The Irish airline currently has 110 orders for the MAX 200, a high-capacity version of the MAX 8, with options on 100 more
The UK group noted that Boeing has stated that they "expect T-X to be a franchise program for much of this century"
Also making mores were Boeing, Deutsche Bank, Caesars and Worldpay
Meanwhile, investors are looking ahead to the Federal Reserve meeting Tuesday
Also making moves were Ford, Boeing, Ulta, Oracle, Adobe and Broadcom
The aircraft maker said it had decided to ground the 371 MAX planes due to “an abundance of caution” and to reassure the public of the safety of its aircraft
Also making moves Wednesday were BP and Take-Two Interactive
The travel firm said in a statement that any customers due to fly home as well as those scheduled to depart using the MAX 8, would be flown using different models
Boeing stock fell after a plane crash, and Nvidia's agreement to buy Mellanox boosted shares of both companies
Also on the move was Southwest Airlines, Garmin, Caterpillar and Boeing
The FTSE 250-listed firm said it would take a charge of £86mln related to the settlement, with the balance to be reported as additional costs to complete the retained contract
Investments and investor services
The airplane maker's total backlog rose to $491 billion, including more than 5,800 commercial aircraft
“If the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate,” Fed chair Jerome Powell said in prepared remarks
Hardware & electrical equipment
The aircraft maker booked 239 net commercial airplane orders in the quarter
Hardware & electrical equipment
The industrial company saw strong demand for its aircraft parts with sales rising more than 10%
A number of deals are expected to be reached at the Farnborough International Airshow this week
The Chicago plane maker will take control of Embraer’s commercial airplane and services business
A look at US stock movers in pre-market deals in New York