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Benzinga
Benzinga
Business
Happy Mohamed

Why Shares Of The Boeing Company Are Trading Lower

Boeing Boeing Company British Airways

Boeing Company (NYSE:BA) shares are trading lower Monday alongside several companies in the broader industrials sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Inflation accelerated again in May as the headline CPI rose 8.6%, up from 8.3% in April and above average economist estimates of 8.3%. Core inflation, excluding food and energy prices, was up 6% in April, which was also above economist estimates of 5.9%.

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