one hour ago
Boeing shares fell
Boeing shares fell nearly 3% in extended trade after the company paused deliveries of its 787 Dreamliners due to a fuselage issue.
The company won’t be able to resume deliveries until it can show the FAA that it fixed the issue. However, production will continue and Boeing does not expect the issue to require additional work on the 787.
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Boeing stock for a day
one hour ago
The personal consumption expenditures report – the Fed’s preferred measure of inflation – was released on Friday
Investors are not the only ones watching the PCE price index. Central bank officials also watch the report, as it is their preferred measure of inflation.
The Personal Consumption Expenditure Index released by the Bureau of Economic Analysis shows changes in the prices of goods and services purchased by consumers.
The January reading, which is due at 8:30 a.m. ET, is expected to show a 4.4% increase in core personal consumption expenditures year-over-year and a 0.5% increase from the previous month, according to economists polled by Dow. Jones.
One of the reasons the Fed prefers PCE is that the index includes More comprehensive coverage of goods and servicesCompared to the popular consumer price index.
–Darla Mercado
2 hours ago
Stocks make the biggest moves after hours
These three companies are making headlines in extended trading.
- Carvana – Shares rose 1.7%. CEO Ernie Garcia, in the current situationOver the next six months, he said, the company will work to complete an estimated $1 billion in annual cost reductions. The online used car retailer reported a loss of $7.61 per share, larger than the expected loss of $2.28 per share, Refinitiv estimated. Carvana generated revenues of $2.84 billion, less than the expected $3.1 billion.
- Block — Mobile payments stock rose 6.5% after Block reported better-than-expected revenue in its group Fourth quarter results. The company reported revenue of $4.65 billion, beating Refinitiv’s estimate of $4.61 billion. However, bar the missed estimates, and it posted adjusted earnings of 22 cents per share compared to expectations of 30 cents per share.
- Warner Bros. Discovery – Shares fell nearly 1% in extended trading after Warner Bros. Discovery had disappointing results in its most recent quarter. The media and entertainment conglomerate reported a loss of 86 cents per share on revenue of $11.01 billion. Analysts polled by Refinitiv called for a loss of 21 cents per share on revenue of $11.36 billion.
Read on for more after hours movers.
– Sarah Maine
2 hours ago
Stock futures have changed little
US stock futures were little changed Thursday night after the S&P 500 snapped a four-day losing streak.
Dow Jones Industrial Average futures were down 43 points, or 0.13%. S&P 500 and Nasdaq 100 futures fell 0.12% and 0.19%, respectively.
– Sarah Maine
“Extreme travel lover. Bacon fanatic. Troublemaker. Introvert. Passionate music fanatic.”
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