Dow hits two-week low as Boeing plummets; megacaps lift

Blue-chip index Dow has slipped to a fresh two-week low as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other US stock indexes. Boeing slid 9.1 per cent after the US Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group jet in midair on Friday. The aircraft manufacturer could lose about $13.5 billion in value if losses hold through market close. "It could impact the airline sector because the 737 (MAX) is a real workhorse of the many airlines fleets," said Kim…