5 Things to Know Before the Stock Market Opens [Video]

Union machinists at Boeing (BA) are extending a six-week strike, having voted to reject the struggling plane maker’s latest contract proposal; Tesla (TSLA) shares are jumping in premarket trading after the EV maker delivered bigger-than-expected profit; United Parcel Service (UPS) shares are surging after the shipping company beat earnings projections and returned to growth; IBM (IBM) shares are declining, weighing on Dow Jones Industrial Average futures, after its results disappointed; and Southwest Airlines (LUV) registers an earnings beat and agrees to a deal with Elliott Investment Management for board representation. Here’s what investors need to know today.

The Boeing (BA) machinists union rejected a contract offer from the aircraft maker, extending a six-week strike that has hobbled the company. The 33,000-member union voted 64% against a contract that would have given workers a 35% pay increase over four years. The union vote came hours …