Shares of Boeing Co. were trying to avoid closing in correction territory for the first time in in about two years, according to WSJ Market Data Group. Boeing’s stock needs to end Friday’s session above $328.18 to avoid registering a correction, defined as a drop of at least 10% from a recent peak. The last time the industrial giant closed in correction was around June of 2016. The unsightly stretch for the component of the Dow Jones Industrial Average , and one of its most influential blue-chip members, has it on track to book its worst weekly decline since February of 2016, as Wall Street wrestles with concerns that tariffs, instituted on steel and aluminium imports, will spark a trade war with multinationals like Boeing on the frontlines of potential retaliatory measures from other countries, market participants said. Most recently, Boeing’s shares were up 0.1% at $330.47, with the price-weighted Dow up 115 points, or 0.5%. at 24,988, while the S&P 500 index is trading 0.2% higher at 2,753. The industrials sector, as gauged by the exchange-traded Industrial Select Sector SPDR ETF , has declined 2.4% this week, while those for the metals sector, measured by the SPDR S&P Metals & Mining ETF , has lost about 0.1%.
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