Boeing is trading at $212.35 (-4.15%) as investors lock in gains following a sharp reversal from its July 28 post-earnings rally.
- The company's Q2 results featured revenue of $24.6 billion and positive free cash flow of $631 million, which initially triggered a 4.76% jump in share price.
- Broader market caution ahead of the upcoming Federal Reserve policy statement is likely adding further pressure as traders exit positions.