On January 16th local time, the three major US stock indexes collectively closed lower, with the Dow Jones Industrial Average falling 0.62%, the Nasdaq falling 0.19%, and the S&P 500 index falling 0.37%.
Most popular technology stocks fell, with Meta and Apple falling more than 1%, while Nvidia bucked the trend and rose 3%. Precious metals and industrial raw materials saw the largest decline, with Alcoa falling more than 7%, Pan American Silver falling more than 5%, and Gold Fields and Southern Copper falling more than 4%. The semiconductor and robotics sectors rose, with AMD up over 8%, Kant Technology up over 4%, and Micron Technology up over 2%.
Boeing (BA) closed down 7.9% at $200.51, with a market value of $121.3 billion. Its market value evaporated overnight by $10.4 billion (approximately RMB 74.8 billion).
According to CCTV News on January 16th, the Federal Aviation Administration (FAA) of the United States reported on January 15th that a Boeing 777 aircraft owned by All Nippon Airways of Japan collided with a Boeing 717 aircraft owned by Delta Airlines of the United States during takeoff taxiing at O'Hare International Airport in Chicago on the evening of the 14th.
The report stated that there were no reports of casualties in the accident, and the Federal Aviation Administration of the United States will investigate the accident. It is currently unclear whether the accident is related to manufacturing defects in Boeing aircraft.
According to CCTV news, on January 12th local time, the Federal Aviation Administration (FAA) of the United States announced that it will require Boeing 737 Max 9 aircraft to continue grounding.
On January 5th, a Boeing 737 MAX 9 passenger plane operated by Alaska Airlines in the United States had its cabin door detached during flight, causing the plane to make an emergency landing. The Federal Aviation Administration of the United States subsequently ordered the grounding and inspection of 171 Boeing 737 MAX 9 aircraft worldwide.
On January 11th local time, according to the aviation media magazine Air Current, Boeing staff tightened six loose fasteners on a critical structure on the right side of the fuselage during the repair and assembly process of the Boeing 737 MAX 9 aircraft that had an accident after takeoff on the 5th. This structure is located directly opposite the detached cabin door (embedded emergency door).
According to CNN, on January 12th local time, the Federal Aviation Administration (FAA) announced a review of the production lines and suppliers of Boeing 737 MAX 9 aircraft, with a focus on product quality control.
The Federal Aviation Administration of the United States stated that this review will also assess safety risks in quality supervision and authorization processes, and is exploring the use of independent third parties to oversee Boeing's inspections and quality systems.
The Boeing aircraft hatch detachment incident has been ongoing for over a week, and negative impacts are accumulating. Recent news shows that from Wall Street to major clients, there are concerns that regulatory scrutiny may affect aircraft delivery.
Spirit AeroSystems (SPR), Boeing's largest supplier and manufacturer of aircraft doors, fell more than 7% in the morning of January 16th local time, closing down 4.37%.
On Tuesday, analysts from Wells Fargo Bank downgraded Boeing's rating in a report, lowering it from an over configuration to a standard configuration. At the same time, they sharply lowered Boeing's target price from $280 to $255, a decrease of about 9%. After the downgrade, the level was 14.6% higher than last Friday's closing price.
The above-mentioned report by Wells Fargo Bank believes that Boeing is facing an increasing risk that regulatory inspections of Boeing's production quality will affect the speed of its production or delivery. Ryanair, a major customer of the Boeing 737 Max model and the largest low-cost airline in Europe, has also expressed similar concerns.
According to media reports, on January 16th local time, a federal judge in the United States prevented Jet Blue Airways (JBLU. O) from acquiring low-cost competitor SAVE. N. The US Department of Justice claims that this transaction will drive up ticket prices and affect some of the most price sensitive consumers. JetBlue Airways plans to acquire Elf Airways for $3.8 billion, which will give birth to the fifth largest airline in the United States. The two airlines stated that this transaction will help them develop better and compete with larger competitors such as Delta Airlines and United Airlines.
On January 16th Eastern Time, the stock price of Spirit Airlines plummeted by 60%. As of the close on January 16th, Spiritual Airlines reported $7.92, a decrease of 47.09%, with a market value of $865 million.