Boeing shares tank after plane crash, dragging down market
Mornings with Simi
English - March 11, 2019 18:52 - 13 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A plunge in the shares of the world’s largest plane maker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets. Boeing Co, the best performing Dow component this year by a wide margin, tumbled 11.5 percent in premarket trading, and appeared on track for its worst day in nearly two decades after many airlines grounded the company’s new 737 MAX 8 passenger jet following the second deadly crash in just five months.
Guest: Jeffrey Sandler
Portfolio Manager, Raymond James
A plunge in the shares of the world’s largest plane maker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets. Boeing Co, the best performing Dow component this year by a wide margin, tumbled 11.5 percent in premarket trading, and appeared on track for its worst day in nearly two decades after many airlines grounded the company’s new 737 MAX 8 passenger jet following the second deadly crash in just five months.
Guest: Jeffrey Sandler
Portfolio Manager, Raymond James