Boeing's stock drops toward a 6-week low after FAA launches formal investigation into 737-9 Max incident

Shares of Boeing Co. BA, -1.47% dropped 1.7% toward a six-week low in midday trading Thursday, after the Federal Aviation Administration said it launched investigation into whether the aerospace giant failed to complete safety tests on the certain products. The selloff erases an earlier intraday gain of as much as 0.2%. “This investigation is a result of an incident on a Boeing Model 737-9 MAX where it lost a ‘plug’ type passenger door and additional discrepancies,” The FAA said in a statement. The FAA has ...