Boeing's MAX 9 explosion has caused market turmoil, with the company's shares falling about 8% in premarket trading.
Shares in supplier Spirit AeroSystems were also sold as law enforcement investigated Friday's aerial incident. The stock price of Alaska Airlines, which operated the canceled flights, also fell.
The airline industry's disastrous start to the year has led to a decline in stock futures, particularly contracts related to the Dow Jones Industrial Average, of which Boeing is a constituent.
Stock index futures fell; Contracts tied to the Dow led the decline. The S&P 500 fell 1.5% last week, ending its long winning streak.
Benchmark US Treasury yields remain above 4%. The yield on the 10-year U.S. Treasury note settled at about 4.04% on Friday.
The global market is almost in recession. The Stoxx Europe 600 index fell. Hong Kong's Hang Seng index fell about 2%, while mainland China's index hit a multi-year low.
crude oil prices have fallen. Benchmark Brent crude oil fell more than 2% after Saudi Arabia announced price cuts.
To watch in the next few days:
Earnings season begins in earnest this week.. Major companies such as JPMorgan Chase and Bank of America are scheduled to release their reports on Friday. Jeffries reported late Monday.
US inflation statistics lead the wayDecember consumer price statistics will be released on Thursday, and producer prices will be released on Friday.
