Market Updates
U.S. Movers: Alphabet, Boeing, Generac
Scott Peters
09 Oct, 2024
New York City
Boeing Company declined 3% to $150.09, and the company withdrew its wage offer to machinists after talks broke down.
S&P Global placed Boeing's debt rating on a negative credit watch list and said the 33,000 machinists union strike will cost more than $1 billion per month.
Alphabet Class A declined 1.3% to $162.17 after the Justice Department requested a U.S. judge to order severe restrictions on the company's "unlawful monopoly in search" or break up its operations.
Generac increased 1.6% to $173.85, a two-year high, after Hurricane Milton intensified and widened to cover a larger area in Florida.
The deadly and most severe storm of the year is expected to knock out powerlines in several counties across Florida, potentially impacting several million people.
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