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The Dow sinks 250 points like Boeing's replacement tanks



Boeing ( BA ) shares closed 6.8%. Boeing is the most weighted stock of weighted prices Dow ( INDU ) and this deepens its losses. The aircraft maker itself has shaved more than 25 points off the index.

The index closed nearly 1%, or 256 points, lower on Friday. For the week, the Dow fell 0.2%.

The wide S&P 500 ( SPX ) finished 0.4% and the technical Nasdaq Composite ( COMP ) fell by 0.8%. Both ended the week in green.

China's slowing growth

Stocks were weaker to start on Friday. Another proof that the Chinese economy is slowing down left a bad taste in investors' mouths. This weighed heavily on global equities. The growth rate of the world's second largest economy slowed to its lowest rate since 1
992.
Asian and European exchanges closed lower. Things didn't look much better in the United States.

The slowdown in China, one of the main drivers of growth in the world, is not good for the global economy. At the same time, China's economic expansion has been steadily losing steam for years as the country transforms from an emerging export economy into a more consumer-oriented economy. This means that the GDP figure on Friday was not so surprising.

Technology stocks were far from particularly bad on Friday, as many US technology companies rely on China's fast-growing middle class to grow profits and sales.

However, the Friday sale is paler in comparison to some days dominated by trade titles.

Trade has been the main engine of the market for months. And after the US and China negotiated the first phase of a trade deal last week, some of the uncertainty has been eliminated. Of course, the deal has not been signed yet, but after months of stock market rallies and shares, the preliminary agreement provides stability.


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