Boeing stock slides
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Even before today's incident, Boeing investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic and still faces government production restrictions on the 737 MAX that limits its cash flow and its ability to pay down that balance.
U.S. equities were mixed and little changed at midday as a second inflation report this week came in lower than anticipated.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Even before Thursday, investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic.
Boeing Co. Chief Executive Officer Kelly Ortberg finds himself in a familiar role — facing another crisis — this time a crash involving the company’s marquee 787 Dreamliner jet in India that killed more than 240 people.
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U.S. stocks are drifting lower as momentum wanes from a big rally that had brought them to the brink of their record.
Wholesale data showed milder inflationary pressures, even as Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.