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Boeing sell-off looks like the beginning of a correction, technical analyst says

Keris Lahiff

High-flyer Boeing BA just hit an air pocket, closing out last week with its worst weekly losses since March, on worries over an escalating trade war with China. Newton Advisors technical analyst Mark Newton is urging caution on the Dow leader. Boeing's losses over the last week could mark the beginning of a short-term correction for the stock, says Newton.