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Reuters BusinessApr 24, 2019
Boeing abandons financial outlook, stops buybacks after 737 MAX groundings
Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months.

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UPDATE 3-Boeing abandons financial outlook, stops buybacks after 737 MAX groundings (Reuters Company News)

MarketWatch MarketPulseApr 24, 2019
Dow drifts lower at the open as record rally for the broader market peters out in early action
U.S. stocks saw a subdued open Wednesday morning as investors appeared to take a breather after key equity indexes notched records a day earlier, with Wall Street digesting a barrage of quarterly results. The Dow Jones Industrial Average fell 24 points, or 0.1%, at 26,635. Dow component Boeing Co. said it would take an initial hit of more than $1 billion on the global grounding of the 737 MAX aircraft, in the aftermath two fatal crashes of the popular commercial jet. Meanwhile, the S&P 500 index was virtually unchanged at 2,932, the Nasdaq Composite Index edged up 0.1% at 8,125, after both indexes finished Tuesday's session at all-time highs. A number of earnings were featured earlier Wednesday, including from Boeing and industrial giant Caterpillar. After the close, investors await quarterly results from Microsoft Corp. and Facebook Inc. , among others, as earnings seasons picks up steam.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



USA Today MoneyApr 24, 2019
Global groundings of Boeing 737 Max lower company's profit, revenue in first quarter
Boeing's first-quarter revenue and profit took a hit from the global groundings of its 737 Max jets following two fatal crashes.        

Reuters Company NewsApr 24, 2019
UPDATE 2-Boeing abandons 2019 outlook after 737 MAX groundings
Boeing Co on Wednesday abandoned its 2019 financial outlook, said it halted share buybacks in mid-March, and announced $1 billion in increased costs due to the grounding of its 737 MAX jets.

USA Today MoneyApr 24, 2019
Global grounding of Boeing 737 Max lowers company's profit, revenue in first quarter
Boeing's first-quarter revenue and profit took a hit from the global grounding of its 737 Max jets following two fatal crashes.        

MarketWatch Breaking NewsApr 24, 2019
Boeing stock swings higher after earnings, which included costs for 737 MAX
Boeing stock swings higher after earnings, which included costs for 737 MAX

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Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 business (MarketWatch MarketPulse)
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