Tag: Investing

Airbus, Boeing Expected to Turn to Hybrid Engine Technology for New Planes-Lessor | Investing News

CHICAGO (Reuters) – Airbus SE

and Boeing Co

are expected to turn to hybrid electric technology when they develop the next generation of airplanes because of limits on improving current engines, the head of a major aircraft lessor said on Thursday.

Airbus is already working hard on a hybrid solution but Boeing is likely to be more cautious about making a major investment in a new program given its challenges with the return of the 737 MAX and certification of the 777X, Air Lease Corp

Chief Executive Steven Udvar-Hazy said at the Skift Aviation Forum.

“I have serious doubts that

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Nasdaq Retreats as Technology Stocks Lose Favor | Investing News

NEW YORK (Reuters) – The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology stocks that benefited from virus lockdowns, favoring sectors that have suffered most during the pandemic instead on hopes a COVID-19 vaccine will turn the economy around.

The heavyweight technology <.SPLRCT> and consumer discretionary sectors <.SPLRCD> fell sharply and communication services <.SPLRCL> languished while investors favored small caps and economically sensitive energy <.SPNY> and industrials <.SPLRCI> sectors as well as value stocks in consumer staples <.SPLRCS>.

The main U.S. indexes had hit intraday peaks on Monday after Pfizer Inc said

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Nasdaq Closes Higher With Technology Stocks Back in Favor | Investing News

(Reuters) – The Nasdaq closed up 2% on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress against a virus surge and likely timing for a economic rebound.

After falling sharply for two days, the tech-heavy Nasdaq was boosted by “stay-at-home” stocks such as Microsoft and Netflix Inc, which closed up more than 2% and Amazon.com Inc and Apple Inc, which advanced more than 3%.

Monday’s encouraging late-stage coronavirus vaccine trial data had prompted a two-day rotation away from technology stocks into sectors that outperform coming out of a

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