Boeing sinks after cutting production of the 737 Max (BA)

Boeing is slowing production of the 737 Max aircraft following two crashes of the aircraft over the past six months.
The company also admitted fault in the accidents, driving the stock down nearly 4% Monday morning.
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Boeing's stock dropped nearly 4% in early trading Monday after the company put out a statement admitting to fault in the two crashes of the 737 Max aircraft and said it was slowing production of the aircraft. The company's statement came after Friday's close.