Boeing labor vote, consumer sentiment, S&P 500: What to watch

Boeing labor vote

Boeing Co. workers will vote on whether to accept a contract offer from the company on Wednesday, a closely watched vote that could have implications for the broader labor market.

The vote comes after months of negotiations between Boeing and the International Association of Machinists and Aerospace Workers (IAM).

The IAM has recommended that its members reject the offer, arguing that it does not provide enough pay increases or job security.

Consumer sentiment

The University of Michigan's Consumer Sentiment Index is expected to rise to 59.1 in August from 58.1 in July, according to economists surveyed by Bloomberg.

A rise in consumer sentiment would be a positive sign for the economy, as it would suggest that consumers are more confident about the future and are willing to spend more money.

However, consumer sentiment remains below its pre-pandemic level, suggesting that consumers are still cautious about the economy.

S&P 500

The S&P 500 index is expected to open slightly higher on Wednesday, following a mixed session on Tuesday.

The index is currently trading around 4,100, which is close to its all-time high.

Analysts say that the S&P 500 could continue to rise in the short term, but that it is important to watch for signs of a pullback.