UPDATE: Boeing and Spirit AeroSystems shares slide following news of China plane crash involving a Boeing aircraft
The Boeing Co. shares fell 4.8% Monday, after a Chinese airline with 133 people on board crashed in the southern province of Guangxi. Chinese broadcaster CCTV said the accident involved a China Eastern Airlines Boeing and occurred near the city of Wuzhou in Teng county, the Associated Press reported. There was no immediate information available on numbers of dead and injured. The news also sent shares of Spirit AeroSystems Holdings Inc. down 4%. The U.S. Global JETS ETF was down 2.5% and the Dow Jones Industrial Average was down 0.4%. China Eastern Airlines American Depositary Receipts were down 7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.