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Feb. 22, 2021, 6:36 a.m. EST

Boeing stock selloff would cut Dow's price by 56 points, after United pulls 777s from service

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By Tomi Kilgore

Shares of Boeing Co. /zigman2/quotes/208579720/composite BA -1.02% dropped 3.9% early Monday, to pace all of the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +0.89% premarket decliners, after United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -1.68% said it was temporarily removing its Boeing 777 planes from service in the wake of an engine blowing apart while in flight over the weekend. The Federal Aviation Administration has ordered United to step up inspections of all of its Boeing 777s. Boeing's implied stock selloff would lower the Dow's price by about 56 points, while Dow futures /zigman2/quotes/210407078/delayed YM00 -0.12% shed 165 points. Shares of Raytheon Technologies Corp. /zigman2/quotes/203237915/composite RTX +1.05% , the parent of Pratt & Whitney, which made the engine, slid 2.9% in the premarket, while United's stock inched up less than 0.1%.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 252.36
-2.59 -1.02%
Volume: 12.26M
April 9, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$147.29 billion
Rev. per Employee
$412,489
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,800.60
+297.03 +0.89%
Volume: 317.82M
April 9, 2021 5:15p
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 58.43
-1.00 -1.68%
Volume: 10.90M
April 9, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.91 billion
Rev. per Employee
$206,384
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 33,641.00
-41.00 -0.12%
Volume: 131,352
April 9, 2021 3:59p
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/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 78.29
+0.81 +1.05%
Volume: 5.42M
April 9, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
2.43%
Market Cap
$118.69 billion
Rev. per Employee
$313,088
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