Caterpillar, American Express Share Losses Contribute To Dow's 160-point Drop
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Dragged down by negative returns for shares of Caterpillar and American Express, the Dow Jones Industrial Average is declining Friday afternoon. Shares of Caterpillar (CAT) and American Express (AXP) have contributed to the blue-chip gauge's intraday decline, as the Dow was most recently trading 160 points (0.5%) lower. Caterpillar's shares have fallen $9.74, or 4.0%, while those of American Express are off $5.22, or 3.0%, combining for an approximately 99-point drag on the Dow. Also contributing significantly to the decline are Goldman Sachs (GS), Walt Disney (DIS), and Dow (DOW). 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 March 10, 2023.
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March 10, 2023 12:11 ET (17:11 GMT)
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