Dow's 364-point Fall Led By Losses For American Express, Boeing Shares

Archrock Inc

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Energy : Energy Equipment & Services | Small Cap Value

Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Dow's 364-point Fall Led By Losses For American Express, Boeing Shares

1:55 pm ET May 2, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Dow Jones Industrial Average is in selloff mode Monday afternoon with shares of American Express and Boeing delivering the stiffest headwinds for the index. The Dow DJIA was most recently trading 364 points lower (-1.1%), as shares of American Express AXP and Boeing BA are contributing to the index's intraday decline. American Express's shares have declined $6.95 (4.0%) while those of Boeing are down $5.19 (3.5%), combining for an approximately 80-point drag on the Dow. Other components contributing significantly to the decline include Apple Inc. AAPL, Visa V, and Coca-Cola KO. A $1 move in any of the index's 30 components results in a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

May 02, 2022 13:55 ET (17:55 GMT)