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Why Boeing Shares Are Down Today

Boeing's (NYSE: BA) top competitor has secured a massive new commercial order from China worth an estimated $37 billion, a deal that highlights the U.S. aerospace manufacturer's difficulties selling into that important market. Investors were disappointed, sending Boeing shares down as much as 6.2% in Tuesday trading. Boeing and Airbus enjoy a duopoly in the commercial aircraft market, but the battle between the two companies is intense.