Yahoo Finance Stocks - U.S. Futures Dip as Boeing Falls After NYT Report
Investing.com - U.S. futures pointed to a lower open on Monday, as trading remained thin after the Easter holiday and Boeing slumped amid reports of sloppy production at its factories.
Workers at a Boeing plant in South Carolina complained about shoddy manufacturing operations, including debris left in planes and pressure to not report violations, the New York Times reported on Saturday. Boeing said in a memo on its website that the article is inaccurate.
Boeing (NYSE:BA) was down 1% following the report, with the airplane maker still under scrutiny after two separate crashes involving its 737 Max cash-cow.
Dow futures fell 49 points or 0.2% by 6:41 AM ET (10:41 GMT), while S&P 500 futures lost 6 points or 0.2% and tech-heavy Nasdaq 100 futures was down 18 points or 0.2%.
Tesla (NASDAQ:TSLA) was down 1.6% in premarket trading after reports that it is investigating a video of a parked Model S exploding in Shanghai. The luxury car maker is expected to report a loss in the first quarter on Tuesday.
Qualcomm (NASDAQ:QCOM) slipped 0.5%, while Perrigo Company (NYSE:PRGO) fell 0.8% and Netflix (NASDAQ:NFLX) declined 0.5%.
Meanwhile, energy stocks were higher after news that the White House administration could end Iranian sanction waivers.
Exxon Mobil (NYSE:XOM) rose 1.1%, while Cimarex Energy (NYSE:XEC) gained 1.3% and Marathon Oil Corp (NYSE:MRO) was up 1.3%. Crude oil prices jumped 2.3% to $65.52 a barrel.
On the data front, existing home sales are out at 10:00 AM ET (14:00 GMT). Earnings season also continues, with reports from Halliburton Company (NYSE:HAL), Whirlpool (NYSE:WHR), and Kimberly-Clark (NYSE:KMB), among others.
Meanwhile, gold futures rose 0.4% to $1,281.55 a troy ounce and the U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 96.998.
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