What's moving markets today: March 11, 2019

3 Posts
Sort byDropdown arrow
8:59 a.m. ET, March 11, 2019

Boeing shares decline 12% in premarket trading

From CNN Business' Jordan Valinsky

  • Boeing (BA) shares fell 12% in premarket trading following a second crash in less than five months of its bestselling passenger jet, the Boeing 737 MAX 8.
  • New: Indonesia’s Ministry of Transportation Monday ordered all Boeing 737 MAX 8 aircraft grounded pending inspections.
  • Chinese aviation authorities told airlines in the country to ground all their Boeing 737 MAX 8 aircraft, citing the need for "strict control of safety risks."
  • Boeing has postponed the debut of its new 777X jetliner, which was scheduled for this week
  • The situation threatens to tarnish the US plane maker's reputation for safety.

6:50 a.m. ET, March 11, 2019

Tesla hikes prices and reverses course on store closures

From CNN Business' Jordan Valinsky

Tesla (TSLA) said overnight that it would hike prices 3% for most of its models. It also decided to "keep significantly more stores open than previously announced."

The decision comes less than two weeks ago that it would begin shutting most of its stores in a cost-cutting move designed to help reduce the price of its bestselling vehicle, the Model 3, to as low as $35,000.

Shares are up more than 1% in premarket trading.

6:50 a.m. ET, March 11, 2019

Here's what's happening with markets now

From CNN Business' Jordan Valinsky