Futures show a negative start of the session on Monday, trading remains in a "slim market" due to Easter, and Boeing's shares (BA.US) plunged after a report of casual manufacturing at the factories. Workers from Boeing in South Carolina filed a complaint about poor manufacturing management, concealment of defects in piecework, and a ban on reporting violations, the New York Times publication on Sunday. The company announced the news of "Fake News", but BA.US shares are 1% red.
Dow is expected to open 0.2% down, S & P 500 down 0.2% and high-tech NASDAQ plunge 0.2%.
Premarket:
Tesla (TSLA.US) will open 1.6% down after a Model 3 explosion in a Shanghai underground garage. This unfortunate incident also weighs down expectations for losses in the 1Q report.
Boeing (BA.US) is red with 1%, besides the news from NYT, the company is investigating the two 737-Max airplane crashes.
The technology sector is in correction:
Quqalcom (QCOM.US) will open 0.5% down, and Perrigo Company (PRGO.US) and Netflix (NFLX.US) are down 0.8% and 0.5%.
Oil companies will turn green after the White House report on the end of the review of Iran's oil imports sanctions:
Exxon Mobile (XOM.US) is up 1.1%, Cimex Energy (XEC.US) is green with 1.3%, and Marathon Oil Corp (MRO.US) is up 1.3% after oil prices up 2.3% to prices $ 65.52 per barrel.
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