US stock futures gained amid close election results, while Boeing’s seven-week strike concluded with a new worker contract. AstraZeneca shares dropped due to fraud concerns in China, and Nvidia surpassed Apple in market cap. Meanwhile, Apple faces the EU’s first Big Tech fine under new regulatory rules.
Stock futures and the dollar advanced in Asia as early US presidential election results signalled a tight race, keeping investors on edge. Dow futures rose over 350 points as election updates unfolded. As anticipated, Republican Donald Trump secured Indiana and Kentucky, while Democrat Kamala Harris took Vermont, according to Edison Research as polls closed in the first six US states.
Following weeks of halted production, Boeing’s factory workers accepted a new contract, allowing airliner production to resume and strengthening the company’s cash flow. Seattle’s International Association of Machinists and Aerospace Workers reported that 59% of voting members backed Boeing’s fourth offer, following two earlier rejections. The agreement includes a 38% wage increase over four years, alongside ratification and productivity bonuses.
Magazine
info@luminarytimes.com
+1-8308642693
