Dow's 250-point drop led by losses for shares of American Express, Apple

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Shares of American Express and Apple are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 252 points, or 0.8%, lower, as shares of American Express and Apple are contributing to the blue-chip gauge’s intraday decline. American Express’s shares are off $4.07 (2.9%) while those of Apple have fallen $3.63 (2.5%), combining for an approximately 51-point drag on the Dow. Other components contributing significantly to the decline include Chevron Caterpillar and Dow A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.

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