Dow's 50-point fall led by losses for Chevron, Intel shares

view original post

The Dow Jones Industrial Average is trading down Friday morning with shares of Chevron and Intel seeing the biggest declines for the blue-chip average. The Dow DJIA, +0.40% was most recently trading 57 points lower (-0.2%), as shares of Chevron CVX, -5.41% and Intel INTC, -0.78% are contributing to the index’s intraday decline. Chevron’s shares are down $7.13 (4.6%) while those of Intel are down $0.61 (1.6%), combining for an approximately 51-point drag on the Dow. Other components contributing significantly to the decline include Dow Inc. DOW, -1.98%, Walmart WMT, -1.59%, and 3M MMM, -0.37%. A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.