Originally Posted by
jantar99
The first part of the title is much inflated relative to the contents. Trading was temporary suspended as FAA had to make an announcement during trading hours. Suspension was necessary to make sure nobody could profit by say getting the info 4 seconds earlier. Then the trading was resumed.
Normally such official announcements potentially impacting share prices are released outside trading hours.
The headline simply says what happened. The financial media are full of headlines equally or more alarming. Investor's Business Daily was running this:
"Boeing Dives to Crisis Low on 737 MAX Delay"
Bloomberg says:
"Boeing’s Max Ruined Christmas. Next Up, Summer."
IBD again:
"Boeing Stock Dives As 737 Max Return Slips Further; Rival Airbus Jet Gains"
Boeing news is genuinely bad. The share price, this evening, is not very far from its 52-week low. I don't think the headlines are particularly exaggerated.