Market Open: Stocks Mixed, Coca-Cola Lifts Outlook, Boeing Plans More Deliveries • 10/27/26

0:00See NBC Business News Update. I'm Jessica Ettinger. Market open. Major averages are mixed. A lot of earnings reports came fast and furious this morning from big name companies. We'll get to them. The Dow is down 25 points this morning, being led lower by shares of Sherwin-Williams, down 4%. Sherwin-Williams makes paint and it's oil dependent. S &P 500 index up 28 points. The Nasdaq's up 195 points this morning. That's three quarters of a percent. Chipmaker shares mostly in the green. Broadcom and AMD each up 4 % out of the gate. Many investors believe the Fed will hold interest rates steady so close to the midterm elections.

0:43One week from today, the Fed beginning a two-day meeting on those rates this morning. A new CNBC survey finds Fed rate hikes are coming, just not this week. Coca-Cola shares ticking higher in early trading. It saw global growth for its soda, sports drinks, water and coffee in other markets and has gained share from rival PepsiCo, even with a little struggle in the U.S. Coca-Cola profit and revenue topping expectations. The company also raising its full year profit outlook for the third story quarter. This comes right now with shares up by about two-tenths of a percent. That's CNBC's Becky Quick.

1:21Boeing's losses got smaller in the last quarter compared with the same quarter a year ago. The focus is on 737 max production to meet a large backlog. Here's more from CNBC's Phil LeBeau. Here's the reason why the stock is moving a little bit higher. Free cash flow in the third quarter,$464 million. That is better than what analysts were expecting in terms of defense and space. Better than expected it. Almost$8 billion in revenue. They are now with a record backlog at Boeing of$745 billion. They've got all of the 737 MAXs certified. They will start those deliveries perhaps by the end of the year as we move into next year.

2:01And here's Boeing CEO Kelly Ortberg with CNBC's Phil LeBeau today. When it comes to jet fuel. A lot of people are looking at the airline industry around the world and they're saying, look, if we go through another two quarters with jet fuel prices where they are, we're going to start to see some people scream, uncle, I can't take it anymore. Yet at the same time, you've got the Max-10. Airlines are clamoring for that because of the fuel efficiency, right? Yeah, the large part of our backlog is actually replacement aircraft, and they're replacing much less fuel-efficient airplanes with these more fuel-efficient Max.

2:30If jet fuel stays at this price, let's say well into the first half of next year, do you think that around the world we might start to see some airlines saying, we can't do this? Not seeing it yet. There's certainly something we have to continue to watch. UPS shares were higher on quarterly results that beat forecasts. It's also raised its full year guidance. The company's been raising prices to handle diesel fuel price increases. Royal Caribbean Cruise Line shares up 4 % in early trading on better than expected quarterly results. It raised its full year guidance. People are buying cabins on ships and Royal Caribbean is handling its higher fuel prices.

3:08JetBlue shares rebounded from losses. It said it has a plan for more profit, even with an 85 % spike in jet fuel prices. No Powerball winner last night. Tomorrow night's jackpot now$716 million. Jessica Edinger, CNBC. From gas prices to housing prices. From government spending to consumer spending. From the AI boom to the data center backlash. How will this election hit your pocketbook and your portfolio? Continuing coverage. The Economy Election, CNBC. The CorPay MasterCard isn't just a card. It's a smarter way to manage business spending. From driver expenses and travel costs to accounts payable, CorPay brings more of what you spend into one connected program.

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