Boeing is Dow’s biggest loser as shares slide after reported crash of Boeing 737 jet operated by Chinese airline

Boeing Co. is dragging down the Dow Jones Industrial Average Monday morning, with its shares tumbling after a Boeing 737 jet operated by a Chinese airline reportedly crashed. Shares of Boeing , the Dow’s biggest loser in Monday morning trading, are down around 5%, according to FactSet data. Chinese state media broadcaster CCTV said the accident, involving a China Eastern Airlines Boeing, occurred near the city of Wuzhou in Teng county, according to an Associated Press report Monday.The Wall Street Journal reported that the aircraft was a 737-800 and not a Boeing 737 MAX, citing the Aviation Safety Network database. The Dow was down around 0.5% Monday morning, while the U.S. Global Jets ETF was off 2.7%, FactSet data show, at last check. Boeing made up around 2% of U.S. Global Jets ETF’s net assets as recently as March 18, according to the holdings listed on U.S. Global Investors Inc.’s website.

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