Shares of Boeing Co (NYSE:BA) are trading lower amid overall market weakness as stocks continue to fall amid concerns over the potential economic impacts of Fed rate hikes and the Russia-Ukraine conflict. China's recent spike in COVID cases has also weighed on global travel demand, which could pressure airline-related stocks.
The 10-year note has risen from a low of 0.5% in 2020 to nearly 3.0% in April. In general, earnings years into the future are worth less today when interest rates rise.
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According to data from Benzinga Pro, Boeing is trading lower by 4.55% at $167.91. Boeing has a 52-week high of $258.40 and a 52-week low of $167.58.
