Boeing Co.’s stock was on track Wednesday to suffer the biggest-ever one-day price drop in the aerospace giant’s 44-year history as a public company, in the wake of a disappointing 2016 profit outlook. The stock plunged $12.36, or 9.7%, in morning trade, on course for the lowest close since October 2013. That price drop is shaving about 85 points off the price of the Dow Jones Industrial Average , which was down 131 points. The stock’s percentage decline would be the biggest since October 2001, according to FactSet data. Analyst Robert Stallard at RBC Capital wrote in a note to clients that although he doesn’t believe Boeing’s downbeat outlook will change the company’s current plans to return cash to shareholders, “it could create doubt” as to the sustainability of those plans. He said the plans don’t include any impact for an downturn in the aerospace market, “if this should occur at some point before the end of this decade.”
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