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Boeing's turbulent year leaves investors cautious of stock
Mint Mumbai
|December 16, 2024
The stock is down 35% this year, ranking among the S&P 500's 20 biggest decliners
What was supposed to be a comeback year for Boeing Co. has turned into its worst stock market plunge since 2008, and if Wall Street is right, the planemaker's shares may have only a modest recovery in store in 2025.
The stock is down 35% this year, placing it among the 20 biggest decliners in the S&P 500 Index. The shares have stabilized over the past month, but investors remain wary. They point to the string of crises in 2024 that shook their confidence in Boeing's prospects and the risk that it will suffer should trade friction build anew under the US President-elect Donald Trump.
This story is from the December 16, 2024 edition of Mint Mumbai.
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