Major Indices Slide, Boeing and Intuit Under Pressure
Major U.S. stock indices closed lower on Thursday, with the Dow Jones Industrial Average falling 1.5%, the S&P 500 declining 0.7%, and the Nasdaq dropping nearly 0.4%.
Boeing: The company's stock plummeted 7.55% after its CFO predicted negative cash flow and delivery delays due to regulatory scrutiny.
Despite exceeding earnings expectations, Intuit's stock dipped 1.20% as the CFO's forecast of negative cash flow weighed on investor sentiment.
The company's shares rose slightly by 0.39% despite a disappointing first-quarter report and lowered forward guidance.
The stock remained virtually unchanged, closing with a minimal 0.01% drop.
The electric vehicle giant's stock fell 3.54% despite news of renewed hiring focused on Autopilot and robotics.
These movements highlight the ongoing volatility in the market and the impact of company-specific news on individual stock performance.