Dow's Nearly 350-point Drop Led By Losses For Boeing, Chevron Shares
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The Dow Jones Industrial Average is seeing a selloff Monday afternoon with shares of Boeing and Chevron facing the biggest drops for the blue-chip average. The Dow DJIA was most recently trading 343 points (1.0%) lower, as shares of Boeing BA and Chevron CVX have contributed to the index's intraday decline. Boeing's shares are off $12.56, or 8.4%, while those of Chevron have fallen $9.87 (5.8%), combining for an approximately 148-point drag on the Dow. Other components contributing significantly to the decline include Visa V, Salesforce Inc. CRM, and Caterpillar CAT. A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2022.
(END) Dow Jones Newswires
May 09, 2022 15:14 ET (19:14 GMT)
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