Boeing shares jump following reports that an Iranian missile caused a fatal 737 crash — bucking claims that a technical issue downed the jet

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• Boeing stock jumped as much as 3% Thursday after reports claimed an Iranian missile downed Ukraine International Airlines Flight 752 on Wednesday.
• The Ukrainian Embassy in Iran initially attributed the 737-800 crash to a technical issue, but later pulled the statement, saying the cause was unknown and under investigation.
• Boeing stock tanked Wednesday following first reports of the crash and technical issues, wiping out as much as $4.3 billion in market value.
• Watch Boeing trade live here.

Boeing stock traded as much as 3% higher Thursday after reports claimed an Iranian missile downed Ukraine International Airlines Flight 752 on Wednesday, challenging the previous theory that a technical issue caused the crash.

Pentagon officials told Newsweek that the missile strike is believed to be an accident, as Iranian anti-aircraft systems were likely active when the Ukraine International Airlines Boeing 737-800 took off.

See the rest of the story at Business Insider

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