Boeing Company (NYSE:BA) stock traded lower on Friday as a broad market selloff pushed investors away from economically sensitive stocks and into defensive sectors.

The stock was down nearly 1% even though there were no major Boeing-specific developments driving the move. Instead, the decline appeared tied to a wider risk-off shift across U.S. equities.

The Nasdaq Composite fell 3.57%, while the S&P 500 dropped 1.85%. The Russell 2000 lost 2.87%, and the Dow Jones Industrial Average slipped 0.87%.

Boeing Hands Over Riyadh Air’s First Dreamliners

Separately, Boeing and Riyadh Air announced on Friday that the Saudi carrier had received its first two 787-9 Dreamliner aircraft, marking a major milestone ahead of its planned commercial launch.

The aircraft are the first deliveries from Riyadh Air’s order for up to 72 Dreamliners. The airline plans to use the jets on regional and long-haul routes and aims to serve more than 100 destinations by 2030, including London, Cairo and Jeddah.

Riyadh Air CEO Tony Douglas called the arrival of the aircraft “a historic moment,” while Boeing Commercial Airplanes CEO Stephanie Pope said the 787 will provide the ...