Boeing stock is set to plunge again after Australia joins Singapore in suspending 737 Max flights

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Boeing stock is set to plunge again after Australia joins Singapore in suspending 737 Max flights
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Boeing is set to tumble again when markets open in New York on Tuesday. The stock is down 1.8%, or about $4.1 billion, in premarket trading.

Australia and Singapore became the latest to suspend use of all Boeing 737 Max planes. Mexican, Brazilian and Argentine carriers also grounded aircraft.Boeing is set to tumble again in New York trading when markets open on Tuesday, following a 5.3% plunge on Monday, after Australia and Singapore became the latest to suspend use of all Boeing 737 Max planes.

Boeing's stock is down 1.8% in premarket trading, equivalent to a drop of about $4.1 billion from Boeing's market capitalization.

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