Boeing shares pull back, Uber looks to acquire Postmates
The S&P 500 is now up 0.7% in a steady advance off opening levels. NIAID Director Fauci recently said he was cautiously optimistic that vaccine doses will available in the winter. Shares of Boeing (BA 184.93, -9.46, -4.9%) are pulling back 5% from yesterday's 14% surge after Norwegian Air and BOC Aviation canceled 97 and 30 Boeing plane orders, respectively, according to Reuters. 92 of Norwegian Air's canceled orders were for the 737 MAX. Separately, Uber (UBER 30.66, +1.03, +3.5%) is in talks to acquire Postmates for $2.6 billion after failing to acquire GrubHub (GRUB 68.85, -0.96, -1.4%), according to The Wall Street Journal.