Market Turmoil After Boeing Incident

In a dramatic start to the week, major U.S. stock indexes took a significant hit on Monday. This downturn was largely attributed to a tragic incident involving a Boeing 737-800 aircraft operated by Jeju Air, which crashed in South Korea. The Dow Jones Industrial Average saw a sharp decline, dropping by 1.06%, or 450 points, at the opening bell, with losses deepening shortly thereafter.

Boeing's Stock Takes a Nosedive

Boeing, a key component of the Dow, experienced a substantial drop in its stock value, plummeting by 5.44% by 9:33 am ET. This incident not only affected Boeing but also had a ripple effect across the market, with the Nasdaq 100 and the S&P 500 also witnessing significant declines. The S&P 500, in particular, saw Boeing as its weakest performer, contributing to the index's overall loss of 1.17%.

Currency Movements

Amidst the market chaos, the euro also saw a slight decrease against the dollar, falling by 0.24% to $1.04004 by 9:28 am ET. This movement in the currency market adds another layer to the complex reactions following the Boeing crash.