Boeing's stock weighs on Dow futures after large but narrower-than-forecast loss
The declines in shares of Caterpillar Inc. CAT, +2.11% and Boeing Co. BA, -0.09% in premarket trading Wednesday, after the industrial companies reported second-quarter results, was acting as a 55-point drag on the Dow Jones Industrial Average's DJIA, +0.65% price. Dow futures YMU19, -0.
32% dropped 92 points. Caterpillar's stock slumped 3.5% after missing profit expectations; the implied price decline would shave about 33 points off the Dow. Boeing shares shed 0.9%, after swinging to a large second-quarter loss amid 737 Max woes, with the implied price decline taking about 22 points off the Dow.
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