>>NYSE, Nasdaq Open, Bond Markets Closed
(New York, NY) -- The opening bell rings this morning after Wall Street finished higher on Friday to cap its fifth straight winning week. Both the Dow and the S&P 500 hit fresh records as financial stocks helped boost markets. At the closing bell, the Dow Jones Industrial Average gained 409 points to 42-863. The S&P 500 added 34 points to 58-15. The Nasdaq rose 60 points to 18-342. While trading resumes this morning as usual, bond markets are closed for the Columbus Day/Indigenous Peoples' Day holiday.
>>A Look At This Week's Business News
(Undated) -- Coming up in the business week ahead, earnings reports are due Tuesday from Bank of America, Goldman Sachs, Citigroup, United Airlines and Johnson & Johnson. Retail sales numbers will be out Thursday along with the home builder confidence index. Netflix also releases earnings and weekly jobless claims come out the same day. The week wraps up with word on housing starts and building permits on Friday.
>>Boeing Laying Off 10% Of Workers
(Crystal City, VA) -- Boeing is set to cut ten-percent of its global workforce. That amounts to about 17-thousand jobs. The "Wall Street Journal" also reports the company will delay the launch of its new airplane the 777X, that's been behind schedule for years. Boeing is warning of deeper company losses with an ongoing machinist strike. Boeing has come under scrutiny this year after a series of safety issues.
>>Hundreds Of Seattle Hilton Workers Walk Off Job
(Seattle, WA) -- Nearly 400 Hilton hotel workers in Seattle have walked off the job. The Unite Here union says the strike will go on until "the early hours" of October 19th. Workers' demands include higher wages, fair staffing and workloads, and the reversal of COVID-19 era cuts. The walkout by the Seattle workers brings the total number of Hilton, Hyatt and Marriott workers on strike to more than 43-hundred.
>>Equal Pay Advocate Lilly Ledbetter Dies At 86
(Gadsden, AL) -- The woman whose equal pay lawsuit against the Goodyear Tire & Rubber Company motivated Congress to pass a new national equal pay law has died. Family members confirm Lilly Ledbetter passed away over the weekend at the age of 86. After a decades-long legal battle, the Lilly Ledbetter Fair Pay Act was finally signed into law by then-President Barack Obama in 2009. It was the first bill he signed shortly after taking the oath of office.
