Stock futures signaled a decline on Monday as Wall Street looks ahead to a week full of U.S. inflation readings and the possibility of another government shutdown.
Bloomberg reports that Beijing will consider lifting the commercial freeze on the company’s 737 MAX jets when President Joe Biden and Chinese President Xi Jinping meet during the APEC summit in San Francisco later this week. Boeing (BA) rose 3.7% on the report that .Also boosting stock prices was Emirates’ announcement at the Dubai Air Show that it would buy Boeing aircraft for $52 billion, and Turkish Airlines and Lufthansa’s joint venture SunExpress
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announced the purchase of 90 737 MAX jets.
The U.S.-listed stock of Novo Nordisk (NVO) has announced that its weight loss drug Wegovy can help reduce the risk of heart attacks, strokes and cardiovascular death by 20% in people without diabetes in a large international clinical trial. rose 1.3% after data showed. %.
StoneCo (STNE) stock rose 6.4% after the Brazilian financial services company reported third-quarter earnings more than doubling and sales beating expectations.
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Earnings reports are expected from Tyson Foods (TSN) and Monday.com (MNDY) on Monday.
Later in the week, reports will come from Walmart (WMT), Home Depot (HD), Target (TGT), Cisco Systems (CSCO), Palo Alto Networks (PANW), TJX (TJX), Alibaba (BABA), and JD. It is scheduled. .com (JD), Advance Auto Parts (AAP), and Applied Materials (AMAT).
Email Joe Weelfel at joseph.woelfel@barrons.com.