Stock futures pointed mostly lower Monday ahead of a busy week filled with earnings from the likes of tech giants
and
Apple
,
a policy meeting of the Federal Reserve, and the monthly U.S. jobs report.
Boeing
’s
737 MAX 9 jet resumed service, about three weeks after the Federal Aviation Administration grounded the aircraft following the midair blowout of an emergency door plug on an
flight. Alaska Air resumed flying the aircraft on Friday after inspections were completed. A United Airlines flight from Newark, N.J., to Las Vegas flew Saturday on a MAX 9.
shares were up 1.5% in premarket trading. The stock has fallen about 17% since the grounding.
Chinese property developer
Group has been ordered to liquidate by a Hong Kong court after failing to reach a restructuring deal with its creditors over the weekend, The Wall Street Journal reported.
was once China’s biggest property developer by sales. It has about $300 billion in liabilities. Shares of the company have declined 90% over the past 12 months.
Earnings reports are expected Monday from
Nucor
,
F5 Inc.
,
and
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SoFI, the financial-technology company, is forecast by analysts to report break-even fourth-quarter earnings on revenue of $572 million. The company previously has said it expects to report its first profit under generally accepted accounting principles in the last three months of 2023. The stock rose 5.1% ahead of the report.
Reports are expected later in the week from
Apple
,
Alphabet
,
Boeing
,
Pfizer
,
Merck
,
Chevron
,
Qualcomm
,
Altria
,
and
Philips
,
the Dutch maker of Sonicare toothbrushes and Norelco shavers, said it would halt the sales of new sleep-therapy devices in the U.S. until the terms of a consent decree with the Food and Drug Administration have been met. The company said it recorded a $393 million provision in the fourth quarter for “remediation activities, inventory write-downs and onerous contract provisions” related to the consent decree. U.S.-listed shares of Philips declined 6.1%.
is nearing a deal of more than $3 billion to acquire
in a tie-up up of portable-building companies, the Journal reported. The cash-and-stock deal is expected to be unveiled Monday, the Journal said, citing people familiar with the matter. WillScot Mobile fell 0.7% and
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rose 5.8%.
Write to Joe Woelfel at [email protected]
