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Behind negative returns for shares of Caterpillar and IBM, the Dow Jones Industrial Average is seeing a selloff Tuesday afternoon. Shares of Caterpillar CAT and IBM IBM have contributed to the blue-chip gauge's intraday decline, as the Dow DJIA was most recently trading 385 points lower (-1.2%). Caterpillar's shares are off $6.57 (3.7%) while those of IBM are down $5.20 (3.7%), combining for a roughly 78-point drag on the Dow. Other components contributing significantly to the decline include Chevron CVX, UnitedHealth UNH, and Travelers TRV. 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 July 5, 2022.
(END) Dow Jones Newswires
July 05, 2022 14:26 ET (18:26 GMT)
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