Dow Poised for Rapid Recovery from Fed Rate Freeze after Boeing Plunge Stings

2019-3-12 19:22

Boeing, the world’s largest commercial aircraft manufacturer next to Airbus, has plunged by 7. 78 percent in pre-market and analysts predict that the company alone could cost the Dow Jones 300 points.

This is the biggest one-day plunge for Boeing since the stock resumed trading after the September 11th terrorist attacks https://t. co/Twq7ctPdhI pic. twitter. com/tQoZfYaGzb — Joe Weisenthal (@TheStalwart) March 11, 2019 Following the tragedy in Ethiopia wherein the Boeing 737 MAX 8 aircraft of Ethiopian Airlines suffered a deadly crash, China and several other governments have ordered airlines to ground the Boeing aircraft. The stock price of Boeing immediately crashed by 12

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Dow Futures Plunge 200 Points while Fed Chair Powell Claps Back at Trump

The Dow stands poised to suffer a sixth-consecutive loss ahead of Monday’s opening bell, with the US stock market bellwether enduring a triple-digit beating in the futures markets. All fingers are pointing to Boeing as the source of the index’s woes, but Federal Reserve Chair Jerome Powell’s comments about President Donald Trump in a 60 Minutes interview could have far more impact over the long-term.

2019-3-11 15:55