U.S stock futures faces a difficult start to the week as Boeing issue put pressure and trader anticipate key inflation data with major bank earnings. The Dow and other indices grapple with the fallout from Boeing troubles.

Brent crude fell down $77 a barrel. European stocks followed decline in Asia. Contracts on the S&P 500 decrease 0.2% with Boeing recovery almost 10% after a fuselage section on a 737 Max 9 aircraft ejected during a flight past weekend.

In Europe German factory orders spike much lower than anticipated in November a discouraging sign for Europe mega economy data released on Monday.

The Dow jones Industrial Average experiences a 0.46% decrease to 37,546 primarily due to Boeing downturn. Nasdaq-100 and S&P 500 also register losses of 0.17% and o.18%.

The FAA directive 171 plans globally, follows alarming pictures from a destructive Alaska Airlines flight spreading on social media. This progress trigger an 8% fallout in Boeing Stock during early trading hours impacting the Dow.

The last week show a drop in the Dow and S&P 500, with lower performance from mega giants like Apple.The market is very cautious. Upcoming corporate earnings data from mega banks and companies are set to give market direction.

The current scenario shows a bearish short term outlook for airline stocks. Boeing setback is likely to cast a shadow over the sector, leading to a mega impact on market. The S&P 500 and Dow weakness, assist by Boeing drop down signal a cautious approach in the airline industry, close schooling in the coming days.

In the Treasury market yields hold slowly with little changes in 10 year and 2 year yield.s Investor stress on imminent economic data show. These data points will offer insight into inflation rates.

boeing 737

Key Events this week

Currencies

Commodities

Stocks

Apple -0.40% is continuously down in 2024 for 4 session on Friday stock is fall to 5.9% this year. There are reports Justice Department is investigating the company and could file a sweeping antitrust case in the first six month of year stress on Apples strategies for protecting its iPhone business, Apple down 0.5% in pre market trading. 

Tesla TSLA -0.18% down 0.8% after the Wall Street magazine publish an article saturday abou Elon Musk alleging hin using illegal drug as CEO of Tesla. Tesla and Musk did not comment on this article

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »
[hfcm id="1"]
Verified by MonsterInsights