After experiencing the worst trading week in nearly a year-and-a-half, Wall Street markets are showing signs of a rebound as they prepare to open on Monday. Futures for the S&P 500 and the Dow Jones Industrial Average have seen a 0.7% increase in premarket trading.
Boeing shares surged by 4.1% following the aerospace company's successful negotiation of a new contract with its largest union, averting a potential strike that could have disrupted aircraft production. The new contract promises a 25% pay raise for the 33,000 workers represented by the International Association of Machinists and Aerospace Workers over the next four years.
