12 hours ago
Boeing shares tumble
Boeing shares fell nearly 3% in extended trading after the company temporarily grounded 787 Dreamliners due to fuselage problems.
The company cannot resume deliveries until it shows the FAA that it has fixed the problem. However, production will continue, and Boeing does not expect the problem to require additional work on the 787s.
Check out the chart…
Boeing shares 1 day
12 hours ago
The Personal Consumption Expenditures report – the central bank’s preferred inflation measure – is due out on Friday
Investors aren’t the only ones paying attention to the personal consumption expenditure price index. Central bank officials are also watching the report as it is their favorite gauge of inflation.
PCE, issued by the Bureau of Economic Analysis, shows changes in the prices of goods and services that consumers buy.
The January reading due at 8:30 a.m. ET will show a 4.4% gain for core PCE on a year-over-year basis and a 0.5% increase from the previous month, according to economists polled by Dow Jones.
One of the reasons the Federal Reserve likes PCE is because the index includes Comprehensive coverage of goods and servicesCompared to the popular Consumer Price Index.
–Darla Market
12 hours ago
Stocks that make the biggest moves after hours
All three companies are making headlines in extended trading.
- Carvana – Shares rose 1.7%. Chief Executive Officer is Ernie Garcia In a statement, said the company will work to complete an estimated $1 billion in annual cost reductions over the next six months. The online used car retailer reported a loss of $7.61 per share, according to consensus estimates from Refinitiv. Carvana reported revenue of $2.84 billion, short of expectations of $3.1 billion.
- Block – The mobile payments stock rose 6.5% after Block posted better-than-expected earnings. Fourth Quarter Results. The company posted revenue of $4.65 billion, beating Refinitiv consensus estimates of $4.61 billion. However, Block missed estimates, posting adjusted earnings of 22 cents per share, compared with expectations for 30 cents per share.
- Warner Bros. Discovery — Shares of Warner Bros. Discovery fell nearly 1% in extended trading after it posted disappointing results in its latest quarter. The media and entertainment group reported a loss of 86 cents a share on revenue of $11.01 billion. Analysts polled by Refinitiv had called for a loss of 21 cents a share on revenue of $11.36 billion.
Read more after hour moves.
– Sarah Min
12 hours ago
The Stock Futures Open has changed little
U.S. stock futures were little changed Thursday night after the S&P 500 posted a four-day losing streak.
Dow Jones industrial average futures fell 43 points, or 0.13%. S&P 500 and Nasdaq 100 futures fell 0.12% and 0.19%, respectively.
– Sarah Min
