Wall Street weighed by Boeing, J&J, bleak China data

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Wall Street weighed by Boeing, J&J, bleak China data
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Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boe...

Boeing dropped 4.8% after Reuters reported that text messages between two employees suggested the planemaker misled the Federal Aviation Administration about the safety of the grounded 737 MAX aircraft.

The International Monetary Fund has lowered its forecast for global growth this year to 3%, which would mark the slowest expansion since the financial crisis. Still, analysts currently see S&P 500 earnings dropping by 3.1% compared with last year, which would mark the first contraction since the earnings recession that ended mid-2016.

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