Boeing stock falls sharply as crisis mounts over 737 MAX crashes

New York (CNN Business)The tragic Ethiopian Airlines crash on Sunday is raising doubts on Wall Street about Boeing. Boeing declined as much as 13.5% on Monday before recovering somewhat. If Boeing closes down more than 10.4%, it would be its worst day since September 17, 2001, the first day of trading following the 9/11 terror attacks. The stock’s decline on Monday played an outsized role dragging down the 30-stock Dow Jones Industrial Average. Boeing is the index’s most expensive stock — and the index is price-weighted. The Ethiopian Airlines crash comes after a 737 MAX flown by Lion Air crashed off the coast of Indonesia in late October. All 189 passengers onboard the Lion Air flight died. Boeing said in …