The tail and a next generation winglet of a A Boeing 737 MAX 8 are pictured at Boeing Field after its its first flight on January 29, 2016 in Seattle, Washington.

Boeing fell more than 5 percent on Monday, a move that capped the Dow Jones Industrial Average.

The stock's sharp move down cost the 30-stock Dow more than 150 points. Boeing has by far the biggest influence on the Dow given the index is price weighted. In other words, a higher share price will have a greater impact on the Dow.

Boeing's outsized influence over the Dow could be seen by looking at the index's counterparts, the S&P 500 and Nasdaq Composite. Both the S&P 500 and Nasdaq traded more than 1 percent higher while the Dow was up 0.79 percent. In other words, the Dow would be much higher if not for the aerospace giant's drop.

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