Boeing Slumps on 737 MAX-9 Grounding, Apple's Rotten Start to 2024, Rebound Week for "Magnificent 7"? 01/08/24

Published: Jan. 8, 2024, 3:49 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discussed Boeing shares dragging the Dow lower, after the Federal Aviation Administration ordered a temporary grounding of 171 of the company\'s 737 MAX-9 jets. The FAA\\u2019s call for inspections came after a blowout on an Alaska Airlines flight. Both the\\xa0 carrier and Spirit AeroSystems saw their shares take a hit on news of the grounding. The "Magnificent 7" in the spotlight: Apple looks to rebound after a 6% drop in\\xa0the first week of 2024, while Nvidia erases last week\'s losses. Also in focus: The end of a 9-week win streak for the major averages, what to expect from this week\'s bank earnings, Cramer previews his CEO interviews from the J.P. Morgan Healthcare Conference in San Francisco.\\n\\n\\n\\nSquawk on the Street Disclaimer'