This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Shares of Boeing Fall as Malaysia Airlines Flight Remains Missing

NEW YORK (TheStreet) -- Shares of Boeing were slipping on Monday as a Boeing 777 Malaysia Airlines plane remains missing since Saturday and there are reports of surface of cracks found in 43 787 Dreamliner jets.

VIDEO TRANSCRIPT:

Shares of Boeing (BA) were slipping on Monday as a 777 remains missing two days after departing Kuala Lumpur for Beijing.

There is still no information on the Malaysia Airlines flight containing 239 passengers and crew that disappeared on March 8.  Teams from nine countries including the U.S. have been aiding Malaysia in its search of the Gulf of Thailand.

Authorities are not ruling out foul play in the disappearance of the 777, an aircraft that has one of the best safety records in aviation.

Boeing also was weighed down Monday by the emergency landing of a 787 Dreamliner in Hawaii on Saturday.  The Japan Airlines flight was en route from Tokyo to San Francisco when pilots shut down one of its engines following an oil pressure warning.

This came after a report in The Wall Street Journal detailed cracks that were found in more than 40 Boeing 787 Dreamliner jets.  Boeing and a supplier are inspecting the wings, which will delay deliveries to some airlines.  Last year, Boeing was forced to halt deliveries of the jet due to problems with its lithium-ion batteries.

At last check, shares of Boeing were slipping more than 2.3% to $125.56.

In New York, I'm Brittany Umar for TheStreet.

Written by Brittany Umar in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%
YHOO $42.51 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs