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Investor Alert

July 8, 2019, 8:37 a.m. EDT

Boeing's stock falls to lead Dow's premarket decliners after losing order to rival Airbus

Shares of Boeing Co. (NYS:BA) slumped 1.5% to pace the Dow Jones Industrial Average's (DOW:DJIA) premarket decliners Monday, after the aerospace giant lost an order valued at nearly $6 billion to Europe-based rival Airbus SE (OTC:EADSY) (PAR:FR:AIR) . The premarket price decline would have about 36 points off the Dow's price, or nearly half the Dow futures' decline of about 78 points. Saudi Arabia's Flyadeal, the discount arm of Saudi Arabian Airlines Corp., said it would buy up to 50 Airbus A320neo planes, after making a commitment to buy Boeing's 737 Max planes in December. The loss of the order comes as the 737 Max planes have been grounded since March following two crashes of the planes.

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