XLI Industrial Select Sector SPDR Fund
- 131.920
- -1.340-1.01%
Boeing Put Options Jump as Stock Slides After Jeju Air Crash in South Korea
Bad news keeps coming! This year has become the year with the highest number of fatalities in air disasters since 2018.
According to data compiled by Cirium, the number of fatalities from air disasters has risen to 318 this year following two recent crashes; this is the highest annual death toll since the Boeing 737 Max first crashed in 2018, when over 500 people lost their lives.
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Boeing fell sharply by 5% on Monday, with analysts defending that the craftsmanship and design of the 737-800 from 15 years ago are unlikely to be the cause of the accident in South Korea.
Myles Walton, an Analyst at Wolfe Research, believes that the root cause of the incident may involve multiple factors, but problems with the processes and designs from 15 years ago are unlikely to be one of them.
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The three major U.S. stock index futures all fell, while Faraday Future rose more than 27% in pre-market trading | Highlights for tonight.
① Boeing's stock dropped over 3% before the market opened, after a Boeing 737-800 passenger aircraft crashed in South Korea on Sunday; ② Faraday Future's stock rose over 27% before market opening, as the company previously announced the completion of a new round of financing worth 30 million dollars; ③ Is Tesla's Cybertruck set to launch domestically in January next year? The official response is that this is false information.
US Morning News Call | Boeing Drops in Premarket as South Korea Orders Inspection of B737-800 Aircraft
Boeing Shares Fall Over 4% In Monday Premarket As Airplane Maker Faces Scrutiny After Deadliest 737-800 Crash In South Korea
Express News | South Korea to Review Boeing 737-800 Maintenance Records