Dow down nearly 400 points on losses for JPMorgan Chase, American Express stocks

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The Dow Jones Industrial Average is in selloff mode Friday afternoon with shares of JPMorgan Chase and American Express seeing the biggest losses for the price-weighted average. Shares of JPMorgan Chase JPM, -5.84% and American Express AXP, -4.14% are contributing to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.99% was most recently trading 394 points (1.1%) lower. JPMorgan Chase’s shares are off $10.41, or 6.2%, while those of American Express are down $6.95, or 4.0%, combining for a roughly 114-point drag on the Dow. Also contributing significantly to the decline are Walt Disney DIS, -3.21%, Home Depot HD, -3.57%, and Goldman Sachs GS, -3.28%. A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.