Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P Global Ratings said Tuesday as part of a negative outlook for Boeing's credit ratings.
The investment bank said that much of the "good news has been priced into the stock" after its significant run-up heading into the Federal Reserve rate cut last month. GitLab — Shares rose 5% after Morgan Stanley initiated research coverage of the software stock with an overweight rating . Analyst Sanjit Singh said that after decades of fragmentation, GitLab would emerge as a key consolidator in the market due to its numerous product offerings across the software delivery pipeline.
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