Why Virgin Galactic, Boeing, and General Electric Stocks Just Collapsed
It's Wednesday, and aerospace stocks are a shambles.
Actually, most stocks are having a pretty bad day, with the S&P 500 falling as far as 2.7% at 1:35 p.m. EDT today. But aerospace stocks are doing even worse. Shares of Boeing (NYSE: BA), for example, have fallen 5.5%. General Electric (NYSE: GE), which gets more revenue from the sale of jet engines than from any of its other businesses, is down 6%. Even start-up space tourism company Virgin Galactic (NYSE: SPCE), which isn't actually doing much of anything just yet, is still down a sizable 4.9%.
Image source: Getty Images.
Source Fool.com
