Nike, Boeing share losses lead Dow's 635-point drop

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The Dow Jones Industrial Average is in selloff mode Tuesday afternoon with shares of Nike and Boeing facing the biggest setback for the index. The Dow DJIA, -2.28% was most recently trading 635 points lower (-1.9%), as shares of Nike NKE, -5.76% and Boeing BA, -4.97% have contributed to the blue-chip gauge’s intraday decline. Nike’s shares have dropped $6.54, or 5.1%, while those of Boeing are down $7.89 (4.5%), combining for an approximately 95-point drag on the Dow. Also contributing significantly to the decline are 3M MMM, -2.84%, Visa V, -3.73%, and Caterpillar CAT, -2.95%. A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.