New York, NY – Several companies are making significant moves in premarket trading today, with Boeing and Alaska Air among them. Boeing’s shares are down around 8.43% in premarket trade as the company faces a temporary grounding of dozens of its 737 Max 9 aircraft. This comes after the Federal Aviation Administration’s emergency airworthiness directive, affecting around 171 Boeing planes worldwide. Meanwhile, Alaska Air’s shares were not directly impacted as the company faces the grounded 737 Max 9s used in its fleet.
Additionally, BlackRock has revealed key fee information for its proposed Bitcoin ETF, with an annualized fee of 0.30%, temporarily waived to 0.20% for the first $5 billion of assets during the first year of the fund. This comes as multiple ETF issuers filed updated registration statements for Bitcoin ETFs on Monday morning, signaling potential approval from the Securities and Exchange Commission in the near future.
Lululemon, the athleisure company, has raised its fourth-quarter earnings guidance, yet its shares were down more than 2% in premarket trading. The company expects earnings per share between $4.96 and $5, up from a previous range of $4.85 per share to $4.93 per share.
In South Korea, the Bank of Korea is expected to hold interest rates steady at 3.50% for its eighth straight meeting. This is the first central bank meeting of the year among major Asia economies, and market participants are closely watching for any potential changes in tone from the central bank.
These developments come in the wake of a $1.59 trillion deal on top-line spending announced by congressional leaders as the government races to avoid a potential shutdown. Additionally, the November consumer credit data is set to release, with expectations of a rise to $8.0 billion from the prior reading of $5.2 billion.
In summary, as companies navigate premarket trading and as financial institutions make significant decisions, the economic landscape continues to evolve and attract attention from investors and market observers alike.
