Boeing, Block, Carvana, Autodesk, Beyond Meat, and More Stock Market Movers

Text size

Boeing halted deliveries of its twin-aisle Dreamliner 787 jet.

Joe Raedle/Getty Images

Stock futures were falling Friday ahead of the release of the Federal Reserve’s preferred inflation measure. Equities rallied on Thursday to end a four-day losing streak.

These stocks were poised to make moves Friday:

Boeing

(BA) declined 3% in premarket trading after the aerospace giant halted deliveries of its twin-aisle Dreamliner 787 jets because of a documentation issue.

“In reviewing certification records, Boeing discovered an analysis error by our supplier related to the 787 forward pressure bulkhead,” said a company  spokesman in an emailed statement to Barron’s. “We notified the FAA and have paused 787 deliveries while we complete the required analysis and documentation.”

Block (SQ), the parent company of Square, was rising 7.2% in premarket trading after saying it expected adjusted earnings before interest, taxes, depreciation and amortization of $1.3 billion for the fiscal year, in line with Wall Street estimates.

Carvana

(CVNA), the online used-car seller, was down 4.3% after reporting a wider-than-expected fourth-quarter loss and announcing plans to cut about $1 billion in costs over the next six months. Carvana shares have fallen more than 93% over the past year.

Real estate platform

Opendoor Technologies

(OPEN) fell 6.6% after reporting a fourth-quarter loss that was narrower than expected but was down significantly from a year earlier.

Autodesk (ADSK), which provides design software to architects,…

..

Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *