UK News: Stocks rise as investors focus on earnings; Boeing drops - - PressFrom - United Kingdom
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UK News Stocks rise as investors focus on earnings; Boeing drops

19:55  21 october  2019
19:55  21 october  2019 Source:   msn.com

Porsche and Boeing announce flying car project

  Porsche and Boeing announce flying car project Porsche and Boeing have signed an agreement which will see the two companies co-develop and all-electric flying carPorsche and Boeing, the American aerospace company, have entered a partnership which will see the pair develop an all-electric flying car. Porsche analysts have forecast that the urban air mobility market will expand rapidly after 2025 – and the German company says this latest partnership will “enhance its scope as a sports car manufacturer.

Investing .com – The Dow opened higher on Wednesday as strong third-quarter results from Boeing (NYSE:BA) helped rally investor confidence, but the S&P 500 The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.45% to 96.14. Stocks - Dow Rises on

Boeing dropped 6.8% after Reuters reported that text messages between two employees suggested the planemaker misled the Federal Aviation Still, analysts currently see S&P 500 earnings dropping by 3.1% compared with last year, which would mark the first contraction since the earnings recession

Traders William Lawrence, center, and Ashley Lara confer as they work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Traders William Lawrence, center, and Ashley Lara confer as they work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks moved broadly higher on Wall Street Monday as investors watch the latest corporate earnings and developments in the U.S.-China trade war.

Specialists Mark Fitzgerald and Lingbo Jiang work at the post that handles Teva and Cardinal Health on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Specialists Mark Fitzgerald and Lingbo Jiang work at the post that handles Teva and Cardinal Health on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

China's top negotiator said over the weekend that "substantial progress" was being made in its talks with the U.S., helping to inject more confidence into a market hoping for a trade deal. Investors have been shifting their focus to corporate earnings as tensions in the trade war cool with a recent tariff cease-fire.

NASA is showering Boeing with cash for delayed SLS rocket

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(Bloomberg) -- U.S. equities ended the week on a down note after flirting with all-time highs in the wake of mostly positive earnings reports. The dollar weakened to its lowest level since July. Boeing accounted for about two-thirds of the decline in the Dow Jones Industrial Average

Boeing earnings fell in Q1, and the 737 Max crisis also put buybacks and guidance on hold. Boeing stock rose as costs for the plane missed some expectations. "We have increased faith in Boeing 's path forward after hearing their focus on getting the return to service for the 737 Max right," he wrote

The logo for McKesson appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew) © Provided by The Associated Press The logo for McKesson appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew)

The broader market has mostly cheered financial results, with earnings season still in the early stages. About 15% of companies in the S&P 500 have reported third-quarter results so far, according to FactSet.

Technology companies and banks led the early rally.

Chipmakers, many of which are highly reliant on China for business, made some of the strongest gains. Nvidia rose 2.9% and Micron rose 3.3%. Apple rose 1.7%

Star Wars: The Rise of Skywalker's JJ Abrams promises "cohesive" end to Skywalker Saga

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NEW YORK — Wall Street managed a modest advance yesterday as investors concentrated on solid second-quarter earnings and shrugged off higher oil prices and a drop in petroleum reserves. In Northwest stocks , Boeing increased by 28 cents to close at .58.

TOKYO (AP) — World stock markets advanced Tuesday on upbeat economic data for China and Germany and as investors keep an eye on U.S. corporate earnings Corporate earnings remain in focus after major banks JPMorgan Chase and Goldman Sachs reported a drop in trading revenue.

Banks benefited from a solid rise in bond yields. Citigroup rose 2.6%.

The yield on the 10-year Treasury rose to 1.79% from 1.75% late Friday. Higher yields allow banks to charge more lucrative interest on mortgages and other loans. Higher yields are also a sign that investors are more confident.

Utilities and real estate companies lagged the market as investors shifted their money from safe-play sectors toward holdings with more growth potential.

KEEPING SCORE: The S&P 500 index rose 0.5% as of 12:10 p.m. Eastern time. The Dow Jones Industrial Average rose 22 points, or 0.1%, to 26,790 and was weighed down by a sharp drop in Boeing shares.

Trader Craig Spector works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Trader Craig Spector works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

The Nasdaq rose 0.8%.

Messages from former Boeing test pilot reveal 737 Max concerns

  Messages from former Boeing test pilot reveal 737 Max concerns A former senior test pilot for Boeing told a colleague he "unknowingly" misled safety regulators about problems with a flight-control system. The system was later found to be at fault in two fatal crashes involving the company's 737 Max aircraft.Pilot Mark Forkner told another Boeing employee in 2016 that the flight system, called MCAS, was "egregious" and "running rampant" while he tested it in a flight simulator."So I basically lied to the regulators (unknowingly)," wrote Mr Forkner, then Boeing's chief technical pilot for the 737, the Wall Street Journal reported.

Boeing Quarter Still Focused on Grounded Jet. Boeing Earnings and Options Activity. When BA releases results, it's expected to report adjusted EPS of .08, down from .58 That revenue would represent a 22.2% drop from a year ago. The options market is implying about a 3.3% stock move in

U.S. stocks rose as geopolitical tensions faded and investors turned to what’s expected to be a blowout corporate earnings season. West Texas crude futures dropped below a barrel. “ Earnings are going to be very good, probably up in the 15 to 20 percent neighborhood year over year.

The Russell 2000 index of smaller stocks did much better than other indices in yet another sign of investors' confidence. The index rose 1.2%.

Specialist Gregg Maloney, left, and trader Jeffrey Vazquez work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Specialist Gregg Maloney, left, and trader Jeffrey Vazquez work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

OVERSEAS: European markets moved broadly higher. The European Union is considering Britain's request for an extension on its pending Oct. 31 exit from the trading bloc. Lawmakers in Britain voted for the delay.

Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

Prime Minister Boris Johnson again pushed for lawmakers to accept the latest proposal over trade and other issues, but was rejected.

Stocks in Asia also rose.

Rise of Skywalker final trailer hints at end of Skywalker Saga

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Microsoft Corp rose 0.8% in premarket trading after German business software group SAP said it had signed a Investors are now gearing up for another batch of reports after a strong start to the third-quarter earnings Analysts project S&P 500 earnings dropping 3.1%, compared with a year earlier

European shares rose on Monday with investors turning their focus to earnings , while remaining hopeful that Companies listed on the STOXX 600 are expected to report a 3.7% drop in third-quarter earnings , worse than the Among other stocks , ProSiebenSat.1 Media (PSMGn.DE) rose nearly 5

ANALYST'S TAKE: Analysts came into earnings season expecting another weak quarter for profit growth. So far, companies have reported surprisingly positive results.

"We remain cautious for the quarter but believe that companies will continue to chin the low bar they have set and ultimately, we will end the quarter flat or up low single digits," said Katie Nixon, chief investment officer for Northern Trust Wealth Management, in a note to investors.

Earnings growth fell slightly in the first and second quarters, according to data from FactSet, which was better than Wall Street's expectation at the start of the reporting season.

Trader John Santiago works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Trader John Santiago works on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

EARNINGS AHEAD: Monday marks a relatively quiet start to a week full of key corporate earnings. McDonald's, the world's biggest burger chain, will report its latest results on Tuesday along with shipping bellwether United Parcel Service.

Investors will be closely watching Boeing's quarterly report on Wednesday for a better picture of the financial impact from its 737 Max jet groundings. Caterpillar, a key industrial company, will also report its results on Wednesday. Southwest Airlines and American Airlines, along with retail powerhouse Amazon, will report results on Thursday.

UK fraud prosecutor to focus on 'big picture' to quicken pace

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Investing .com – U.S. futures pointed to a higher opening bell on Tuesday, as investors turn their attention to the latest batch of major earnings .The S&P 500 futures rose 6 points, or 0.22%, to 2,856.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 86 points, or 0.34%, to 25,554.0.

Boeing (BA) stock is down as the defeat of House Majority Leader Cantor threatens congressional reauthorization of a financing program that would impact its Stocks are rising as investors look past an impeachment probe of President Donald Trump to focus on possible trade deal with China.

TURBULENT STOCK: Boeing fell 4%. Congress is ramping up its scrutiny of Boeing as its CEO, Dennis Muilenburg, is scheduled to testify to the House's transportation committee on Oct. 30.

Investors are concerned about the latest revelations surrounding its 737 Max airplanes.

In messages released last week, former senior Boeing test pilot Mark Forkner told a co-worker in 2016 he unknowingly misled safety regulators about problems with a flight-control system that would later be implicated in two deadly crashes. On Sunday, the company said that it's unfortunate that messages between co-workers weren't released in a manner allowing for "meaningful explanation."

Specialists James Denaro, left center, and Gregg Maloney, right center, work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew) © Provided by The Associated Press Specialists James Denaro, left center, and Gregg Maloney, right center, work on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports. (AP Photo/Richard Drew)

OPIOID SETTLEMENT: The nation's three largest drug distributors and a drugmaker have reached a tentative deal to settle a lawsuit related to the nation's opioid crisis. The agreement comes within hours of the first federal trial over the crisis, with opening statements scheduled for Monday in Cleveland.

The logo for Cardinal Health appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew) © Provided by The Associated Press The logo for Cardinal Health appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew)

However, the settlement does not resolve more than 2,600 other lawsuits across the country seeking to hold the drug industry accountable for the opioid crisis.

Take Five: Brextension, Brelection, Bremain

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* Intel drops as China slowdown hits earnings , forecast. * Futures up: Dow 0.77 pct, S&P 0.81 pct, Nasdaq 1.06 pct Starbucks Corp shares rose 3.7 percent in premarket trading as the popularity of its holiday-themed drinks in the Among other stocks , Colgate-Palmolive Co dropped 2.2 percent after

Investors ' focus has returned to company earnings after concerns about growth in emerging CBS rose .76, or 4.5 percent, to .61 after reporting fourth-quarter earnings and revenue growth Among other stocks making big moves: — Whole Foods dropped , or 7.2 percent, to .46 after

AmerisourceBergen slid 3.7%, Cardinal Health shed 2.5% and McKesson fell 3.8%. Drug manufacturer Teva rose 1.9%.

The logo for AmerisourceBergen appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew) © Provided by The Associated Press The logo for AmerisourceBergen appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. (AP Photo/Richard Drew) The logo for Teva appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. Drugmaker Teva would contribute $20 million in cash and $20 million worth of suboxone, a drug used to treat opioid addiction. (AP Photo/Richard Drew) © Provided by The Associated Press The logo for Teva appears above a trading post on the floor of the New York Stock Exchange, Monday, Oct. 21, 2019. The nation's three dominant drug distributors and a big drugmaker have reached an over $200 million deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday. Drugmaker Teva would contribute $20 million in cash and $20 million worth of suboxone, a drug used to treat opioid addiction. (AP Photo/Richard Drew)

Man, 80, dies of a 'heart attack' on-board a British Airways flight travelling from London Heathrow to Bangkok .
A man, 80, has died on-board a British Airways Boeing 777 flight travelling from London Heathrow to Bangkok. The passenger reportedly died from a heart attack, an hour before landing.The passenger reportedly suffered a heart attack while travelling to Bangkok, Thailand, on a Boeing 777 which departed yesterday at 5.10pm.

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