Why Boeing, Spirit AeroSystems, and General Electric Stocks All Sank Today
Shares of blue chip aerospace stock Boeing (NYSE: BA) dropped more than 7% in early trading Tuesday, before recovering to about a 2% loss by noon. Shares of Boeing's suppliers of airplane engines and large airplane parts such as fuselages and wings -- General Electric (NYSE: GE) and Spirit AeroSystems (NYSE: SPR) in particular -- fell even harder, and are remaining down longer.
In noonday trading, GE stock is off 3.5%. Spirit stock that was down more than 11% this morning has recovered to about a 7% loss.
But it all started with Boeing.
Source Fool.com
