Boeing’s stock drop is enough to turn Dow futures negative

Shares of Boeing dropped $2.75, or 1.0%, in premarket trade Wednesday, as better-than-expected third-quarter results weren’t enough to appease investors after recent sharp gains. The price decline would shave about 19 points off the price of the Dow Jones Industrial Average , and Dow futures were down 8 points ahead of the open. Boeing’s stock had run up 25% over the past three months through Tuesday, while the Dow had gained 8.5%. The other Dow component to report results early Wednesday was Visa Inc. , and the stock was 79 cents, or 0.7%, in premarket trade, which would add about 5 points to the Dow.

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From:: Stock Market News

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