Dow's 400-point drop led by losses for Caterpillar, Goldman Sachs shares

This post was originally published on this site

Shares of Caterpillar and Goldman Sachs are trading lower Monday morning, leading the Dow Jones Industrial Average selloff. The Dow DJIA, -1.43% was most recently trading 399 points, or 1.2%, lower, as shares of Caterpillar CAT, -4.63% and Goldman Sachs GS, -3.55% have contributed to the blue-chip gauge’s intraday decline. Caterpillar’s shares are off $7.66, or 3.8%, while those of Goldman Sachs are down $11.31 (2.9%), combining for a roughly 125-point drag on the Dow. JPMorgan Chase JPM, -2.82%, Chevron CVX, -1.88%, and Intel INTC, -1.96% are also contributing significantly to the decline. A $1 move in any of the index’s 30 components results in a 6.58-point swing.