Boeing Co (NYSE:BA) shares are trading lower Monday alongside several companies in the broader industrial sector amid overall market weakness as stocks continue to sell off following last week's Fed rate hike decision.
The Federal Reserve raised rates by 50 basis points last Wednesday, its first rate hike of at least half a percentage point in more than 20 years. Stocks surged following the announcement, but pulled back significantly the following day and have continued on a downward trajectory since.
