Dow drops at open as heavyweight Boeing slides after plane crash

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2019. REUTERS/Brendan McDermid

(Reuters) – The Dow Jones Industrial index opened sharply lower on Monday after a fatal plane crash in Ethiopia caused a fall in the shares of Boeing Co and capped gains in the broader markets.

The Dow Jones Industrial Average fell 242.24 points, or 0.95 percent, at the open to 25,208.00. The S&P 500 opened higher by 4.54 points, or 0.17 percent, at 2,747.61. The Nasdaq Composite gained 34.42 points, or 0.46 percent, to 7,442.56 at the opening bell.

Reporting by Medha Singh in Bengaluru

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