STOCKS NEWS US-Boeing shares tumble after delaying flight
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For U.S. stock market report double-click [.N] 0934 ET 23June2009-Boeing shares tumble after delaying flight ------------------------------------------------------------------------------
Shares of Boeing (BA.N) tumbled on Tuesday, after the company said the
first flight of its long-delayed 787 Dreamliner would be postponed once more to
reinforce an area within the side-of-body section of the aircraft.
The revolutionary carbon-composite aircraft, which is already two years behind its original schedule, was to fly for the first time in the second quarter of 2009.
For details, see [ID:nN23546619]
The stock, a Dow component, fell 6.6 percent to $43.77.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0930 ET 23June2009-Markets mixed at open, pressured by Boeing ------------------------------------------------------------------------------
Major U.S. indexes opened mixed on Monday, following a steep decline in
Monday's session. The markets were pressured after Boeing (BA.N), a Dow
component, again delayed the first flight of its 787.
The Dow Jones industrial average .DJI slid 0.1 percent to 8,328.50 while the S&P 500 .SPX gained 0.2 percent to 894.39 and the Nasdaq .IXIC was up 0.3 percent to 1,771.83.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0853 ET 23June2009-Futures up following steep decline on Monday ------------------------------------------------------------------------------
U.S. index futures were up on Tuesday, a day after the markets posted their worst one-day loss in two months.
Worries that a recovery will be tepid has caused stocks to pull back lately, and analysts will look at the day's economic data for signs of stabilization.
The National Association of Realtors will release existing home sales for May, while the Federal Reserve Bank of Richmond will announce June indexes on area manufacturing and service sectors.
For details, see [ID:nN23536369]
Dow Jones industrial average futures DJc1 rose 27 points while S&P 500 futures SPc1 gained 5.1 points and Nasdaq 100 futures NDc1 were up 3 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0847 ET 23June2009-MetroPCS to replace Tyco in S&P 500 ------------------------------------------------------------------------------
Shares of MetroPCS Communications (PCS.N) rallied on Tuesday, a day after Standard & Poor's said the company would replace Tyco Electronics (TEL.N) in the S&P 500 index .SPX.
For details, see [ID:nWEN0866]
The stock gained 9 percent to $14.85 before the bell while Tyco shares fell 1.2 percent to $18.87.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0836 ET 23June2009-Crude oil rises on weaker dollar, ahead of data ------------------------------------------------------------------------------
August crude oil futures rose on Tuesday, supported by a weaker dollar and ahead of U.S. weekly inventory data from the American Petroleum Institute which is expected to show a fall in crude stocks.
For details, see [ID:nSIN510304]
The contract gained 1 percent to $68.19 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0830 ET 23June2009-Baird upgrades Starbucks, shares rise ------------------------------------------------------------------------------
Shares of Starbucks Corp (SBUX.O) rose in premarket trading on Tuesday,
after Robert W. Baird upgraded the coffee chain to outperform.
"We have become more confident in the near-term outlook following our recent field research, which pointed to an improvement in category traffic trends in Starbucks's third quarter," the firm wrote.
Baird added that it generally believed that the company had been taking appropriate steps to enhance its long-term fundamentals by slowing growth, controlling costs and investing in traffic-driving initiatives.
"The transition to positive operating metrics is likely to be gradual, but we think consistent signs of progress in upcoming quarters would increase investor confidence in the longer-term outlook." it wrote.
Shares of Starbucks rose 2.5 percent to $14.05 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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