STOCKS NEWS US-Boeing suppliers drop after flight delay

Tue Jun 23, 2009 9:48am EDT
 
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0939 ET 23June2009-Boeing suppliers drop after flight delay
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 Shares of Boeing (BA.N) suppliers sank on Tuesday, after the planemaker
again delayed the first flight of its 787 Dreamliner to reinforce an area
within the side-of-body section of the aircraft.
 Boeing, a Dow component, sank 6.2 percent to $44 while Honeywell
International (HON.N) dropped 1.7 percent to $31, Rockwell Collins (COL.N) slid
1.8 percent to $41.68 and Goodrich (GR.N) was down 2.2 percent to $48.33.
General Electric (GE.N) was flat at $11.52.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0934 ET 23June2009-Boeing shares tumble after delaying flight
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 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
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 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
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 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
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 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
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 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

 

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