Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike including considering temporary furloughs for many employees.
Read More Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months
Boeing’s U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike.
Read More Boeing strike threat looms as workers vote on contract
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
Read More Fed expected to deliver quarter-percentage-point rate cut next week
The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.
Read More Nasdaq, S&P gain on megacap boost in lead up to inflation report
Boeing’s shares rose 3.7% after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers.
Read More Boeing’s shares rise after tentative labor deal that could avert major strike