Why Boeing and Embraer Stocks Dropped Today
On Thursday, shares of aerospace giant Boeing (NYSE: BA) gained 2% on news that European anti-monopoly regulators might potentially prevent it from spending $3.8 billion to acquire an 80% stake in Brazilian aircraft builder Embraer Brazilian Aviation (NYSE: ERJ), a company currently worth only $1.1 billion.
Today, Boeing stock is heading in the other direction: down 6.1% as of 1:45 p.m. EDT. And Embraer shares are down 11.6%. Is this just a continuing reaction to Thursday's story?
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Source Fool.com
