Boeing Co fell 3.1% and was the biggest decliner among the 26 Dow components trading premarket, after Reuters reported that the U.S. Federal Aviation Administration identified a new flaw in the planemaker’s grounded 737 MAX jets.
Investors are hoping for a resolution of the trade war, which has rattled investors who have ditched shares for the safety of bonds and gold this year and pushed the Federal Reserve to signal an interest rate cut as soon as next month. Ford Motor Co rose 1.2% after the carmaker said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit.
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