Chevron, Apple share losses contribute to Dow's 250-point drop

The Dow Jones Industrial Average is trading down Friday morning with shares of Chevron and Apple delivering the stiffest headwinds for the price-weighted average. The Dow DJIA, -0.64% was most recently trading 259 points, or 0.9%, lower, as shares of Chevron CVX, -1.93% and Apple AAPL, -2.13% are contributing to the index’s intraday decline. Chevron’s shares have fallen $4.23 (2.6%) while those of Apple are down $3.30, or 2.3%, combining for a roughly 50-point drag on the Dow. American Express AXP, -2.37%, Caterpillar CAT, -1.93%, and Goldman Sachs GS, -1.55% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.

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