Boeing suffers sharp losses on Wall Street

Business | 13 Mar 2019 9:46 am

US technology and health care stocks did the most to push the market higher Tuesday. Apple and UnitedHealth each advanced by 1.1 percent.

Boeing shares slid by 6.1 percent, the stock’s second day of steep losses, as more countries grounded the aircraft manufacturer’s 737 Max 8 following the crash of the Ethiopian Airlines 737 Max 8 on Sunday, which killed 157 people. A similar Lion Air plane crashed in Indonesia in October, killing 189 people.

Britain joined a growing number of countries to ground the plane. Australia and Singapore suspended all flights into or out of their countries. Airlines in China and Indonesia, Aeromexico, Brazil’s Gol Airlines, India’s Jet Airways and others have done the same.-AP

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