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The
planemaker's shares slid 7.8% in premarket trading after a China
Eastern Airlines passenger jet, with 132 people on board crashed
in the mountains of southern China. There was no immediate word
on the cause of the crash.
Energy stocks rose, with Occidental Petroleum up 3.1%, tracking
Brent crude above $111 a barrel as European Union nations
consider joining the United States in a Russian oil embargo.
[O/R]
Stock markets around the world opened the week on a downbeat
note as Ukraine defied a Russian demand that its forces lay down
arms before dawn on Monday in Mariupol. Meanwhile, the Kremlin
said that peace talks between Moscow and Kyiv had yet to yield
any major breakthroughs.
Hopes of an eventual peace deal along with a widely expected
rate hike by the Federal Reserve had bolstered market sentiment
last week, with the Wall Street's three main indexes logging
their biggest weekly percentage gains since early November 2020.
Fed Chair Jerome Powell is due to speak at the National
Association for Business Economics Conference at 1200 ET (1600
GMT) on Monday, while other policymakers were set to speak
through the week after a hawkish rate hike path laid down by the
U.S. central bank last week.
Shares of big banks were mixed, with Morgan Stanley down 0.8%.
Barring Tesla Inc, other megacap growth stocks slipped.
At 06:47 a.m. ET, Dow e-minis were down 134 points, or 0.39%,
S&P 500 e-minis were down 9.25 points, or 0.21%, and Nasdaq 100
e-minis were down 51 points, or 0.35%.
Nielsen Holdings tumbled 17.3% after it rejected an unsolicited
acquisition proposal from a private equity consortium that
valued the TV ratings company at $9.13 billion.
(Reporting by Devik Jain in Bengaluru)
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