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S&P 500 and Nasdaq end higher as Omicron variant hits
... bargains while digesting the implications of a changing pandemic. All three U.S. indexes advanced, with investors favoring value over growth, economically sensitive smallcaps and transports outperforming the broader market. The Dow gained the most, with Boeing Co providing the biggest lift to the blue-chip industrial average. In 29 days in a row, the S&P 500 went without a 1% change, up or down, but boom Omicron hits, and five days we've had this blast of volatility, said Ryan Detrick, chief market strategist ...
Updated: 12/02/2021
EU sanctions Belarus over migrant infighting
A Boeing 737-800 plane operated by Belarusian state carrier Belavia takes off on May 28, 2021 at Domodedovo Airport outside Moscow, Russia. A Boeing 737-800 plane operated by Belarusian state carrier Belavia takes off on May 28, 2021 at Domodedovo Airport ...
Updated: 12/02/2021
China allows Boeing 737 Max to return to service
The Boeing 737 Max was allowed to return to flying with technical upgrades more than two years after it was grounded worldwide after two fatal crashes. The Boeing 737 Max was allowed to return to flying with technical upgrades more than two years after ...
Updated: 12/02/2021
5 things to know before the stock market opens Tuesday
... 531,000. The unemployment rate is expected to fall by 0.1 percentage point to 4.5%. In the stock market, Kroger shares jumped after boosting its full-year forecast, helped in part by consumers who continue to eat at home. After China removed the Boeing 737 Max on Thursday to return to flying with technical upgrades more than two years after the plane was grounded worldwide after two fatal crashes. China is the last major market where the Boeing 737 Max was awaiting approval after the United ...
Updated: 12/02/2021
Boeing gains, S&P 500 e-minis rise, Nasdaq down
Dec 2 Reuters Futures Tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker Boeing and travel stocks, although increasing cases of the new Omicron coronaviruses variant throughout the world continued to cause volatility in markets. Dec 2 Reuters Futures Tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker ...
Updated: 12/02/2021
Safran targets rapid production, sale of assets
... The company said it has put 30% of its Zodiac Aerospace business under review for possible sale, because it focuses on new technologies. The longer-term targets are the first in three years for Safran , a major engine producer for Airbus SE and Boeing Co. The manufacturer is coming back from a deep Pandemic-induced slump and ramps up output as a result of these changes. Chief Exective Officer Olivier Andries, who took over the helm in the beginning of the year, said in a statement ahead of the ...
Updated: 12/02/2021
Hydrogen-powered jets to come from mid- 2030s: CEO
The head of a U.S. company that champions fuels told Reuters that Airbus and Boeing Co will launch all-new successors to their best-selling single-aisle jets powered by hydrogen from around the middle of next decade. The head of a U.S. company that champions fuels told Reuters that Airbus and Boeing Co will launch all-new ...
Updated: 12/01/2021
Pratt Whitney to announce engine upgrade for Airbus
... to slash emissions with engine makers eying longer-term advances like hybrid-electric propulsion to improve fuel efficiency. CFM plans to test-build an open-bladed jet engine that can reduce fuel use and emissions by 20%. Single-aisle jets like the Boeing Co's 737 MAX and the A 320 had been benefiting from a rebound in domestic traffic, which plunged in 2020 due to the Pandemic. New travel curbs introduced due to Omicron are raising questions about the sector's recovery. It is not yet clear how ...
Updated: 12/01/2021
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