Dow Stumbles. These 3 Stocks Are the Biggest Drag.
The Dow is price-weighted, which means stocks with higher prices have a greater influence on the index. A decline in shares of UnitedHealth Group, Dow’s priciest stock at $580, exerts more pressure on the index than Intel, the cheapest stock at $23.12.
UnitedHealth is down 0.5%. It kicked off the day with a gain but has been steadily moving lower. The decline may seem minor but it has been enough to take the Dow down by 15 points, according to Dow Jones Market Data. The index has been kissing the breakeven line, marking no point gain or loss.