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

MarketWatch logo MarketWatch 2/22/2021 Tomi Kilgore
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Shares of Boeing Co. dropped 3.9% early Monday, to pace all of the Dow Jones Industrial Average's premarket decliners, after United Airlines Holdings Inc. 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 shed 165 points. Shares of Raytheon Technologies Corp. 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%.


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