economy
Boeing moves closer to a huge deal
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks declined on Friday, concluding a volatile week, with oil prices exceeding $90 for the first time since October 2023.
- The U.S. economy lost 92,000 jobs in February, and the unemployment rate rose to 4.4%.
- Boeing is nearing a potential deal with China for 500 737 Max narrowbody jets and possibly 100 widebody jets.
- Qnity Electronics acquired a semiconductor research and manufacturing facility in Taiwan for $61.5 million.
- Key economic data and earnings reports to watch next week include inflation data (CPI and PCE), Q4 GDP, and earnings from companies like Oracle, Adobe, and Ulta Beauty.