Boeing stock falls sharply as backlash grows over 737 MAX crashes
Boeing's stock declined 9% on Monday morning in the aftermath of the second deadly crash of its bestselling 737 MAX 8 jet in five months. All 157 people on board the Ethiopian Airlines flight were killed when the plane fell out of the sky shortly after takeoff.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.
Boeing is the index's most expensive stock -- and the index is price-weighted.Boeing crisis escalates as countries ground 737 MAX jetsThe Ethiopian Airlines crash comes after a 737 MAX flown by Lion Air crashed off the coast of Indonesia in late October. All 189 passengers onboard the Lion Air flight died.
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