Shares of The Boeing Company dropped by 4% on Friday's session amid the decision of around 33,000 to initiate a strike as a way of protesting their discontent with a labor agreement that was under negotiation. This one would be the first strike in 16 years.
In addition, credit rating agencies such as Moody's and Fitch Ratings Inc. warned about the consequences for the company that the strike could cause, including a potential downgrade if they persist for an extended duration.
Boeing's shares fell by 4.20% at 1:12 pm ET to sell at $155.93 apiece.
