3M, Intel Share Losses Contribute To Dow's 235-point Drop
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of 3M and Intel are trading lower Wednesday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 235 points lower (-0.7%), as shares of 3M (MMM) and Intel (INTC) are contributing to the blue-chip gauge's intraday decline. 3M's shares are off $1.91, or 1.9%, while those of Intel have dropped $0.56, or 1.9%, combining for a roughly 16-point drag on the Dow. Also contributing significantly to the decline are Boeing (BA), Visa (V), and IBM (IBM). A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 24, 2023 10:49 ET (14:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.