Boeing Stock Surges After Union Deal

4 minutes ago

Boeing (BA) shares jumped in premarket trading Monday, a day after the plane maker announced a tentative agreement with two of its largest labor union partners.

The deal would see roughly 33,000 Boeing employees across Washington, Oregon, and California get raises of 25% over the next four years, along with other benefits like a revamped retirement savings program and parental leave, the company announced Sunday.

The International Association of Machinists and Aerospace Workers members covered by the deal are set to vote on whether to ratify the four-year contract Thursday, when the current deal is set to expire. A strike could have started once the previous deal expired, halting production at a number of facilities.

Boeing shares were 4.5% higher about two hours before the opening bell Monday, but are still down nearly 37% since the start of 2024 amid a series of safety issues and executive changes.

–Aaron McDade

Futures Point to Higher Open for Major Indexes

18 minutes ago

Futures tied to the Dow Jones Industrial Average were up 0.7%.

S&P 500 futures were also up 0.7%.

Nasdaq 100 futures were up 0.9%.

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