Dow Drops 100 Points as Boring Day Gets Less Boring
The Dow Jones Industrial Average is taking the brunt of the selling today, despite some good news—perhaps—globally.
The Dow has dropped 100.11 points, or 0.2%, just after noon on Friday, while the S&P 500 and the Nasdaq Composite have declined 0.1%. They’re not big losses, but the declines have picked up a touch this afternoon.
Nothing in the Dow is getting hit all that hard. Walt Disney is down 1%, McDonald’s is off 0.9%, and Boeing has declined 0.8%, not exactly declines that send us running for cover. But since the Dow is a price-weighted index, the fact that all three of the stocks in the benchmark that have prices above $400—Goldman Sachs, Caterpillar, and Microsoft—are all down on the day doesn’t help.