Before the bell, the companies making headlines were checked. Boeing’s stock sank 4% because Boeing factory workers went on strike after rejecting a new labor contract. The work stoppage will impact production of most aircrafts, including the 737 Max. Shares of Oracle, the database software company, rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. Moderna’s shares dropped 4% after JPMorgan downgraded the drugmaker to underweight. RH, the home furnishings retailer, saw its shares surge 21% after reporting a stronger-than-expected second quarter. Adobe’s shares sank more than 8% after the company issued softer-than-expected guidance for the current quarter. Aptiv PLC, the auto parts stock, advanced nearly 3% after CEO Kevin Clark purchased nearly 30,000 shares earlier this week. U.S. listed shares of AstraZeneca gained 1.5% despite being downgraded by Deutsche Bank due to the disappointing performance of a drug.
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