General Electric Co. Faces Market Pressure Following Boeing 787-Absturz

NEW YORK (dpa-AFX) - The US stock markets are heading towards moderate losses on Thursday, with the Dow Jones Industrial Average expected to open 0.4% lower at 42,702 points, according to broker IG. The tech-heavy Nasdaq 100 is anticipated to decline by 0.2% to 21,813 points. Investors remain cautious about the limited progress in the US-China trade dispute, compounded by President Donald Trump’s announcement of impending unilateral tariffs on numerous trading partners. Despite a recent agreement on easing export restrictions, China has remained silent on the matter.

In the financial sector, new inflation and employment data provided a modestly positive boost to stock prices. US producer prices rose as expected in May compared to the previous year, and less than anticipated from April. This trend could potentially ease the Federal Reserve’s path to lowering interest rates, although experts do not anticipate such a move at the upcoming Fed meeting. Weekly initial jobless claims remained stagnant, contrary to economists’ expectations of a slight decline.

Boeing and GE Aerospace Stocks Plunge After 787 Crash

The shares of Boeing have plummeted by 8% to just under $197 pre-market following the news of a 787 crash, threatening to extend the recent consolidation phase. Despite this drop, Boeing’s shares have still recorded an 11% increase for the year, maintaining one of the top positions in the Dow Jones Industrial Average. The crash has revived unsettling memories of past disasters involving Boeing’s 737 Max aircraft, which resulted in the loss of hundreds of lives.

GE Aerospace, which had recently reached its highest share price since the millennium, saw a pre-market decline of nearly 5%. The company plans to assemble a team to travel to India and investigate the cockpit data of the crashed Air India Boeing 787 Dreamliner, as reported by the media.

General Electric Co. Overview

General Electric Co., a globally diversified technology and financial services company based in Boston, Massachusetts, operates in various sectors including aircraft engines, power generation, water processing, household appliances, medical imaging, and industrial products. The company is listed on the New York Stock Exchange with a market capitalization of $268.64 billion. As of June 10, 2025, GE’s share price closed at $246.96, with a 52-week high of $255.63 and a low of $150.20. The price-to-earnings ratio stands at 39.7. For more information, visit www.ge.com .