Boeing lost $ 26.6 billion in market value since the crash | Economic news

Boeing investors lost $ 26.6 billion during the first two trading days of this week following the deadly crash of one of its famous 737 Max 8s in Ethiopia.

Boeing shares fell 11% from $ 422.54 Friday to $ 375.41 at the close on Tuesday before becoming positive Wednesday morning. The decline in market share reduced its market value from $ 238.7 billion to $ 212.1 billion on Monday and Tuesday, as aviation regulators and international airlines moved 737 Max's jets to the ground. China to Mexico.

His shares rose less than 1% on Wednesday.

Edward Jones demoted Boeing's action to prevent it from buying, pointing to a possible "backlog of orders."

The crash of a jet plane Sunday between Addis Ababa and Nairobi killed the 157 pbadengers on board. The disaster came five months after the crash of a 737 Max 8 Air Lion in Indonesia, killing the 189 people on board. The cause of the plane of Ethiopian Airlines is the subject of an investigation.

The United States is increasingly lone in defending US-made jets since the Federal Aviation Administration said the 737 Max was "seaworthy" earlier this week. The plane was not immobilized in the United States.