Boeing crisis leaves investors wary of beaten-up stock
Financial Express Kolkata|December 16, 2024
WHAT WAS SUPPOSED to be a comeback year for Boeing has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker's shares may have only a modest recovery in store in 2025.
ESHA DEY

The stock is down 35% this year, placing it among the 20 biggest decliners in the S&P 500 Index. The shares have stabilised over the past month, but investors remain wary.

They point to the string of crises in 2024 that shook their confidence in Boeing's prospects and the risk that it will suffer should trade friction build anew under President-elect Donald Trump.

"Just staying out of the news would be a win for Boeing at this point," said Eric Clark, portfolio manager of the Rational Dynamic Brands Fund.

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Shriram Group arm raises $1.28-bn loan

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Country Delight starts 10-15 minute delivery

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Infosys inaugurates ₹426-cr development centre in Bengal

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Subsea cables: Big Tech may get govt support

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Rental housing norms for factory workers this week

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