Boeing shares fell 6.15 percent on Tuesday following the sharp losses in the previous session to close at 375.41 U.S. dollars per piece. The stock booked a two-day decline of 11.15 percent.

Edward Jones, a financial services firm headquartered in the U.S. state of Missouri, lowered its rating of Boeing shares to hold from buy on Monday, saying the company's second deadly crash of its 737 MAX 8 aircraft in the past five months may have a tangible effect on near-term earnings.

The 737 Max is among the Boeing's most important aircraft types, which is recognized as a key part of Boeing's effort to compete with rival Airbus.

Dozens of airlines now have one of Boeing's 737 Max jets in their fleets. In the United States, American and Southwest fly the 737 Max 8 and each have more on order.

U.S. Federal Aviation Administration said on Monday that it is not taking any actions against the Boeing 737 Max 8.

Flight attendants and ground crews in American and Southwest airlines urged the companies to take their Boeing 737 Max airplanes out of service until more is known about Sunday's fatal crash.

Shares of Southwest Airlines declined 2.3 percent on Tuesday after declining about 0.3 percent in the previous session. The carrier said on Monday that it had 34 of Boeing 737 MAX 8s in its fleet of over 750 as of Dec. 31, 2018, and remains "confident in the safety and airworthiness" of its aircraft.

Shares of American Airlines closed 3.5 percent lower on Tuesday. The company said it still has confidence in the aircraft and their crews. 

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