So far, Boeing has been best perfor­mer in Dow Jones index, rising 31%NEW YORK: Shares of Boeing Co slid 11% in early trading on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes, following the second deadly crash involving the jet in just five months. A Nairobi-bound Boeing 737 MAX 8, operated by Ethiopian Airlines, crashed minutes after take-off from Addis Ababa on Sunday, killing all 157 on board. “We anticipate heightened volatility in Boeing shares,” Morgan Stanley analyst Rajeev Lalwani said. China, Indonesia ground Boeing 737 MAX 8 fleets after Ethiopia crashThe decline on Monday was a major factor in pulling Dow futures lower. Earlier in the day, China’s aviation regulator grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash.

Source: The Express Tribune March 11, 2019 14:43 UTC