This is the second fatal crash involving a Boeing 737 Max 8 in five months. About five minutes into the day's trading, Boeing shares were down 11.7 percent at $373.23 following the most recent crash of one of its aircraft in Ethiopia. The fatal crash of the Ethiopian Airlines Flight ET302 — the second involving a Boeing 737 Max 8 in five months — caused airlines in three countries to ground all flights involving the popular jet and cast fresh safety concerns on the airline. Shares in Southwest Airlines sank 2.12 percent while American Airlines lost 0.2 percent, United Continental gave up 0.8 percent. ANALYST REPORTBriefing.com analyst Patrick O'Hare said Boeing's impact on the Dow was not indicative of the performance of the wider market.

Source: Daily Nation March 11, 2019 14:48 UTC