Dow’s 86-point drop led by losses for Intel, Caterpillar stocks

Dow’s 86-point drop led by losses for Intel, Caterpillar stocks

Behind declines for shares of Intel and Caterpillar, the Dow Jones Industrial Average is trading down Friday morning.

Shares of Intel INTC and Caterpillar CAT have contributed to the blue-chip gauge’s intraday decline, as the Dow DJIA was most recently trading 86 points, or 0.3%, lower. Intel’s shares are off $2.20 (4.6%) while those of Caterpillar have dropped $3.04 (1.6%), combining for an approximately 35-point drag on the Dow. Goldman Sachs GS, Dow Inc. DOW, and Chevron CVX are also contributing significantly to the decline. A $1 move in any of the benchmark’s 30 components results in a 6.59-point swing.

 

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