Boeing’s stock drop can be blamed for Dow futures trading lower

Shares of Boeing Co.
dropped 2.4% in premarket trade, enough to turn Dow Jones Industrial Average futures
negative, after The Wall Street Journal reported that federal prosecutors were investigating the development of the company’s 737 Max jetliners that were involved in two deadly crashes in less than six months. The stock’s implied price decline would have about 74 points off the Dow’s price
while Dow futures are down 30 points. Meanwhile, S&P 500 futures
and Nasdaq 100 futures
are up about 0.1%. Since closing at a record $440.62 on March 1, Boeing’s stock has lost $61.63, or 14%, through Friday. That reduced the Dow’s price by about 418 points, while the Dow has declined 177.45 points during that time.

View more information:

Articles in category: moneyist
See also  Kaseya, the software company hacked to spread ransomware, had previous security flaws

Leave a Reply

Back to top button