Dow's 200-point drop led by losses in Chevron, Goldman Sachs stocks

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Shares of Chevron and Goldman Sachs are retreating Friday morning, sending the Dow Jones Industrial Average into negative territory. Shares of Chevron CVX, -4.98% and Goldman Sachs GS, -1.46% are contributing to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.38% was most recently trading 201 points (0.7%) lower. Chevron’s shares are down $7.30, or 4.7%, while those of Goldman Sachs are off $5.98 (2.1%), combining for a roughly 88-point drag on the Dow. Also contributing significantly to the decline are Intel INTC, -1.82%, Dow Inc. DOW, -2.00%, and IBM IBM, -1.59%. A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.