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Boeing shares sink after crash

Staff Writer |
Shares of Boeing lost about 9 percent on Monday after one of its Boeing 737 MAXs saw its second deadly crash in less than five months.

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The sharp selloff is a sign that Boeing has a serious crisis on its hands.

Almost three-quarters of Boeing's 2018 deliveries were 737 planes.

And Boeing plans to build 59 new 737s each month in 2019.

The stock’s sharp move down cost the 30-stock Dow more than 200 points.

Boeing has by far the biggest influence on the Dow given the index is price weighted.

In other words, a higher share price will have a greater impact on the Dow.

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