Market Turmoil as Boeing Shares Tumble

In a dramatic start to the week, the Dow Jones Industrial Average saw a significant drop, losing over 360 points in premarket trading. This downturn was largely attributed to a sharp decline in Boeing Company's shares, which fell by more than 4% following a tragic plane crash in South Korea involving one of its 737-800 aircraft.

Broader Market Impact

The ripple effects of Boeing's misfortune were felt across the board, with the Nasdaq 100 and the S&P 500 also experiencing declines. The Nasdaq 100 dropped by 1.05%, equivalent to 224 points, while the S&P 500 saw a 0.96% decrease. Amidst this market volatility, the euro managed to gain ground against the dollar, rising by 0.22% to $1.04490.