Posted 1/8/2024, 3:01:00 PM
Boeing Stocks Plunge as 737 Max Troubles Persist
- Boeing shares tumble 9% on Monday, wiping out over $13B in market value, due to 737 Max incident over the weekend
- Wall Street opens mixed, with S&P up 0.2% but Dow down 145 points
- FAA grounds some Boeing 737 Max 9 jets after exit door blows out during Alaska Airlines flight
- Boeing supplier Spirit AeroSystems stock slides 14% over door issue impact
- Alaska Airlines cancels 139 flights on Monday, while United cancels 204 flights due to Max 9 groundings