Textron Inc
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Industrials : Aerospace & Defense | Mid Cap BlendCompany profile

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, and specialized vehicles and equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.

Postmarket

Last Trade
Delayed
$53.99
-0.04 (-0.07%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$54.03
Day's Change
0.60 (1.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
54.24
Day's Low
53.48
Volume
(Heavy Day)
Volume:
2,005,240

10-day average volume:
1,126,530
2,005,240

Financial stocks turn lower after big miss in jobs data

8:43 am ET June 7, 2019 (MarketWatch)
Print

Financial stocks swung to losses in premarket trade Friday, after a big miss in the May jobs report (http://www.marketwatch.com/story/us-creates-just-75000-jobs-in-may-and-wage-growth-slows-in-warning-sign-for-economy-2019-06-07) sent Treasury yields lower (http://www.marketwatch.com/story/10-year-treasury-yield-carves-out-fresh-21-month-low-after-weak-jobs-report-2019-06-07), which could weigh on bank profits. The SPDR Financial Select Sector ETF (XLF) fell 0.4% in premarket trade, after being up 0.3% just before the data was released. Among the ETF's most heavily weighted components, shares of J.P. Morgan Chase & Co. (JPM) fell 0.7% after being up 0.3% just before the data; Bank of America Corp. (BAC) swung to a loss of 1.0% after being up 0.3%; Citigroup Inc. (C) dropped 1.1% after being up 0.3%; and Wells Fargo & Co. (WFC) lost 0.7%, after gaining less than 0.1%. The yield on the 10-year Treasury note fell 3.9 basis points toward a 21-month low of 2.084%. Lower longer-term interest rates could hurt bank profits, as it could narrow the spread between what the banks make on longer-term assets, such as loans, and the costs of shorter-term liabilities. Meanwhile, futures for the Dow Jones Industrial Average inched up 4 points.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 07, 2019 08:43 ET (12:43 GMT)

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