US Stock Market down, New orders for Boeing, Quarterly Results & More

US stock market

US Stock market action:

US markets started the week on a negative note on Monday with S&P 500 and Nasdaq down more than 0.8% each. 

Boeing touching new heights:

  • Boeing stock jumped 3% intraday as Delta Air Lines plans to buy 100 Boeing 737 Max planes, its first major order from Boeing in more than a decade.
  • Boeing delivered 51 airplanes in June, taking the total tally to 216 jets in first-half of 2022, up 38% on-year.
  • June’s deliveries exceeded the 50 threshold for the first time since March 2019. 
  • It also included 43 Boeing 737 MAX, which is recovering from a nearly two-year safety crisis.
  • Boeing is expected to report second-quarter results on July 27.

Quarterly Results:

  • Bank of America posted mixed results that included the benefit from rising interest rates and about $425 million in expenses tied to regulatory matters.
  • Goldman Sachs posted profit and revenue that exceeded analysts’ estimates as fixed-income traders generated roughly $700 million more revenue than expected.
  • Shares of IBM fell more than 4% after hours when the original tech company lowered its forecast for cash flow, even while reporting earnings that beat Wall Street’s earnings and revenue estimates.
  • Why did IBM share price fall?

  • Why Boeing stock rose 3% intraday on Monday?

  • Which did Goldman Sachs's share price rise?