Boeing's share drop is being felt across the market, but especially in the exchange-traded funds that are heavily exposed to the aircraft giant.
The sharp decline in shares of Boeing was felt across the stock market Monday, dragging the Dow Jones Industrial Average down more than 200 points at the lows of the session. The stock shed more than 13 percent after the aircraft manufacturer saw its second 737 MAX 8 plane crash in less than five months on Sunday.
Investors who are bullish on the company's prospects should start positions in the ETFs with the most exposure to Boeing, Hempstead said Monday, but they should also remember just how much scale that stock has. John Davi, founder, CEO and CIO of Astoria Portfolio Advisors, called Boeing's widespread influence on the industrial sector and the stock market as a whole"a double-edged sword."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
Consulte Mais informação »
Boeing shares fall after second deadly 737 MAX 8 crashShares of Boeing Co slid 9 percent in early trading on Monday as many airlines g...
Consulte Mais informação »
Another brand-new Boeing falls from the skyThe crash has troubling similarities with a disaster in Indonesia last year
Consulte Mais informação »
Boeing crash woes set to wipe $21 billion off market cap, dragging Dow lower, after China and Ethiopia to ground some 737sBoeing shares are set to fall at least 9%, dragging Dow futures, after crashes involving the 737 MAX 8 aircraft led China and Ethiopia to ground that model.
Consulte Mais informação »
Boeing postpones launch of 777X after Ethiopian Airlines crashBoeing has delayed plans to unveil its huge new 777X jetliner this week, following the deadly crash of one of the company's aircraft in Ethiopia
Consulte Mais informação »
Dow futures down nearly 200 points as Boeing drops in premarket after deadly Ethiopia plane crashDow futures tumble on Monday, dropping over 100 points as Boeing shares fall sharply in premarket trading after the crash of a 737 Max 8 aircraft that killed 157 on board, the second accident in six months for its newest and popular plane.
Consulte Mais informação »
Boeing shares fall sharply after second deadly 737 MAX 8 crashShares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
Consulte Mais informação »
Boeing says has no new guidance for 737 MAX 8 operatorsBoeing said on Monday the investigation into the Ethiopian Airlines crash is in ...
Consulte Mais informação »
Airlines ground Boeing 737 MAX 8 planes after crash'Alarms should be and going off all through the aviation industry,' says transportation analyst MarySchiavo on the Ethiopia Airlines crash. She says the US should ground Boeing 737 MAX 8 planes for now. 'Everybody should... Boeing should take the lead.'
Consulte Mais informação »