The United States joined other countries and grounded its 737 Max planes. Boeing BA Shares offell 3% immediately after President Donald Trump announced the move from the White House. The shares then rebounded in a sign that the grounding had been largely priced in to Boeing's stock. But even after ending Wednesday slightly higher, the stock is still down more than 10% since the crash, wiping more than $25 billion off the company's market value. The US grounding comes after two fatal crashes in the last five months involving the 737 Max 8 jet.

Source: CNN March 13, 2019 20:01 UTC