Aerospace & Defense

TradingKey - As the 2026 US midterm elections approach, Wall Street is beginning to reassess potential investment opportunities arising from shifts in congressional power.

Boeing avoids an engineers’ strike and wins a major Navy contract, while an FAA software review tests BA’s recovery ahead of October earnings.

TradingKey - On Wednesday (September 30) Eastern Time, futures tied to the three major US stock indices weakened near flat lines in pre-market trading as investors await a heavy batch of US economic data releases, including ADP employment, PCE inflation, and the final reading of second-quarter GDP. The market expects US headline PCE and core PCE for August to rise by 0.5% and 0.3% month-over-month, respectively. If the data exceeds expectations, it could further reinforce expectations of continued Federal Reserve rate hikes and weigh on high-valuation tech stocks.

TradingKey - Boeing (BA) won a development contract for the U.S. Navy's next-generation carrier-based fighter, the F/A-XX, in a deal valued at over $20 billion. Following the announcement, Boeing's stock rose more than 2% in after-hours trading to $191.81.

TradingKey - U.S. stocks fell as stalled U.S.-Iran talks pushed oil prices and Treasury yields higher. The S&P 500 and Nasdaq Composite dropped to their lowest levels in more than a week, while the Dow approached a three-month low.

TradingKey - BA closed at $201.96 after a 3.69% drop as 737 MAX and 787 production ramps slow. Can $197.12 support stabilize the stock?