Stock Exchanges | Shares of aircraft manufacturer Boeing sink on Wall Street

Boeing dragged down the Dow Jones index of major companies.

American Shares of aircraft manufacturer Boeing plunge on Wall Street after the company's plane was involved in a dramatic accident on Friday.

On Friday, a piece of the cabin wall came off the plane of the company's 737 Max 9 version mid-flight. The Alaska Airlines plane, which left Portland, Oregon, for California, had more than half an hour in the air before it made an emergency landing back at the airport.

After the accident, the US aviation safety authority FAA grounded 171 Max 9 planes until they are checked for a similar problem. The airline company Alaska Airlines said that it had canceled about 140 flights from Monday because of the ban.

Boeing's share was down 6.3 percent on Monday evening after 8:00 Finnish time.

The share of Boeing's subcontractor Spirit Aerosystems was also down 6.7 percent.

According to the Reuters news agency, Spirit Aerosystems has manufactured the panel that came off the accident plane. Boeing reports last year due to quality problems observed several times in the work of its subcontractor Spirit Aerosystems.

The share of Alaska Air, which owns the airline Alaska Airlines, was also down 0.4 percent.

Boeing's the decline dragged down the Dow Jones index of large companies, which had fallen by 0.1 percent.

The broad S&P 500 index rose 0.8 percent and the technology-focused Nasdaq index was up 1.5 percent at around 8:00 p.m. Finnish time.

Among individual companies, for example, the share price of the technology giant Apple had increased by 1.7 percent. Apple said on Monday to start selling virtual glasses in February. The Vision Pro glasses will go on sale on February 2nd in the US. This is Apple's first major product innovation since the Apple Watch smartwatch released in 2015.

See also  Career | Niklas Tarvajärvi found the content of his life in Holland, yet he says now: "At some stages it has gone too far"

#Stock #Exchanges #Shares #aircraft #manufacturer #Boeing #sink #Wall #Street

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Recommended