
Boeing shares fall after plane crashes in India
SHARES of planemaker Boeing slid in premarket U.S. trading on Thursday after an Air India aircraft with more than 200 people crashed near the airport in India's western city of Ahmedabad.
The aircraft involved was Boeing 787-8 Dreamliner, according to Flightradar data.
Reuters could not independently verify the make of the aircraft.
It was not immediately clear what caused the crash. Boeing did not immediately respond to a Reuters' request for comment.
The plane was headed to Gatwick airport in the UK, Air India said, while police officers said it crashed in a civilian area near the airport.
Boeing shares fell 7.8% to $197.3 in premarket trading.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
an hour ago
- The Sun
India may ground Air India's Boeing 787 fleet: NDTV
NEW DELHI: The Indian government is considering grounding Air India's Boeing 787 fleet, Indian broadcaster NDTV reported on Friday, a day after one of the airline's aircraft of the same make crashed in Ahmedabad city, killing more than 240 people. -- More to follow


The Sun
an hour ago
- The Sun
India considering grounding Air India Boeing 787 fleet after crash, NDTV reports
NEW DELHI: The Indian government is considering grounding Air India's Boeing 787 fleet, Indian broadcaster NDTV reported on Friday, a day after one of the airline's aircraft of the same make crashed in Ahmedabad city, killing more than 240 people.


The Sun
an hour ago
- The Sun
Gold hits two-month high on Iran tensions, Fed cut hopes
GOLD prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove investors toward safe-haven assets. Spot gold was up 1.2% at $3,423.30 an ounce, as of 0544 GMT, after hitting its highest since April 22 earlier in the session. Bullion has gained more than 3.4% so far this week. U.S. gold futures gained 1.2% to $3,444.50. Geopolitical tensions escalated after Israel targeted Iran's nuclear facilities, as tensions mounted over U.S. efforts to halt Iran's production of atomic bomb materials. 'This latest spike in hostilities in the Middle East has taken the focus off trade negotiations for now, with investors making a play towards safe-haven assets in response,' said Tim Waterer, chief market analyst at KCM Trade. Israel declared a state of emergency, citing expected missile and drone strikes from Tehran, and the U.S. military is preparing for various contingencies in the Middle East, including potential assistance with evacuating American civilians, a U.S. official told Reuters on condition of anonymity. 'Gold surged past resistance around $3,400 on news of the airstrikes, and further upside could be in-store should the escalation continue,' Waterer said. Signaling a cooling U.S. labor market and subdued inflation pressures, new applications for unemployment benefits held at an eight-month high last week, while slowing domestic demand helped restrain producer prices in May. The data, released a day after the Labor Department reported a moderate rise in consumer prices in May, bolstered expectations of an earlier rate cut. Traders are now expecting a Federal Reserve interest rate cut of 55 basis points by the year-end, starting in September rather than October as previously anticipated. Elsewhere, spot silver fell 0.3% at $36.25 per ounce, platinum lost 1% at $1,282.55 and palladium shed 0.5% to $1,050.61. All three metals were set for weekly gains.