Boeing shares are trading lower amid overall market weakness after Fitch downgraded the long-term credit rating of the U.S.
Portfolio Pulse from Benzinga Newsdesk
Boeing's shares are trading lower due to overall market weakness following Fitch's downgrade of the U.S. long-term credit rating.
August 04, 2023 | 12:03 pm
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NEGATIVE IMPACT
Boeing's stock price is negatively impacted by the overall market weakness and Fitch's downgrade of the U.S. long-term credit rating.
Boeing's stock price is directly affected by the overall market conditions. The downgrade of the U.S. long-term credit rating by Fitch has led to a market weakness, which in turn has negatively impacted Boeing's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100