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Home / Business / Boeing's stock put roads on the Dow; China presents terms for beating trade weapons

Boeing's stock put roads on the Dow; China presents terms for beating trade weapons



  • Boeing shares under pressure after reports of a new error in the company's 737 MAX jet fleet
  • Investors digest conflicting reports on the state of trade negotiations between the United States and China
  • Semiconductor shares are set to add Wednesday's rally; Advanced Micro Devices and Nvidia shares are increasing.

Futures for the Dow Jones Industrial Average were lower on Thursday in connection with reports of a new failure with the Boeing Co.'s troubled 737 MAX jet fleet, which investors digested report that China was set for Sino-US trade negotiations to resume.

Futures for the Dow Jones Industrial Average

YMU19, -0.02%

was down 12 points, or 0.1%, at 26,535, but had hit a low 26,445, with Boeing Co .

BA, + 1.52%

shares down 2% in the premarket action, which would translate into a 40-point headwind on the price-weighted blue-chip index. The aviation and defense company's share slipped by more than 5% in the premarket action.

CNN reported that new problems with the Boeing 737 fleet data system had emerged, which could delay the plane's return to the air after a worldwide grounding in March. The fleet was grounded by crashes of the Lion Air aircraft 610 and Ethiopian Airlines flight 302, which killed 346 people.

Futures for the S&P 500 Index

ESU19, + 0.23%

traded up 3.85 points, or 0.1%, to 2,921.75 and Nasdaq-100 futures

+ 0.39% rose 17.25 points, or 0.2%, at 7.667.25.

However, the Wall Street Journal reported that Chinese President Xi Jinping will present President Donald Trump's terms to resolve a market-beating trade confrontation ahead of an expected sideline meeting of the G-20 Developed Countries Collection to take place in Osaka, Japan. this weekend.

Terms include the removal of a ban on the sale of US technology to Chinese telecommunications giant Huawei Technologies Co., the removal of punitive tariffs, and an end to a request that China purchase additional exports from the United States.

The claim gives some doubt that the two sides can achieve a detente and comes after a report from the South China Morning Post that a preliminary US China trophy was achieved.

Investors will also look at data on new US unemployment supplement requirements due Thursday at 8.30. Eastern time on new demands on unemployment, with economists examined by MarketWatch expecting a reading of 216,000. The Ministry of Commerce issues its final revision of GDP growth in the first quarter simultaneously.

At 10:00 the National Association of Realtors will issue its pending home sales index.

What shares are in focus?

Occidental Petroleum Corp .

OXY, + 2.11%

shares may be in focus Wednesday after investor Carl Icahn urged a special shareholder meeting where he will seek to replace four board members on the board and claim that the company's board should not approved a $ 38 billion deal to purchase Anadarko Petroleum Corp .

APC, + 0.57%

The agreement is expected to close in the second half of 2019. Significant shares were unchanged before the start of Thursday.

Stocks of Lift Inc .


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