Boeing drags on Dow as shares collapse By Investing.com

Investing.com – Stocks tumbled early on Monday as Boeing put pressure on Dow Industrials.

The decrease of 0.59%, while the was down 0.35% and the heavy techno dropped by 0.47%.

The Boeing (NYSE 🙂 stock has collapsed by 4.1% in response to the announcement of the release of its 737 Max aircraft as a result of two fatal accidents.

"Today's biggest story is Boeing, a key company in the United States that gives the markets a soft spot to start the day," said Rick Meckler, partner at Cherry Lane Investments.

"In general, it is to be feared that the stock price does not match the profits of the shares."

Among other individual actions, General Electric (NYSE :): The stock fell 5.7% after Stephen Tuma, a JP Morgan Chase analyst, reduced his price target for the company.

In addition, shares of Southwest Airlines (NYSE 🙂 fell 1.9% after analysts Raymond James warned that the grounding of his device 34 737 Max could extend until the high summer season.

Investors are also keeping a close eye on developments in trade negotiations between the United States and China. After three days of trade talks with Chinese authorities in Washington, the White House said negotiations "have progressed on many key issues" but "significant work remains to be done"s. "

– Reuters contributed to this report.