Chevron – Dow drops nearly 350 points on losses in Johnson & Johnson, Chevron stocks
The Dow Jones Industrial Average is in a selloff Friday morning with shares of Johnson & Johnson and Chevron delivering the stiffest headwinds for the index. Shares of Johnson & Johnson
JNJ,
and Chevron
CVX,
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
was most recently trading 348 points, or 1.1%, lower. Johnson & Johnson’s shares are off $5.84, or 3.5%, while those of Chevron have fallen $2.52, or 2.8%, combining for a roughly 55-point drag on the Dow. Also contributing significantly to the decline are Honeywell International Inc.
HON,
Walt Disney
DIS,
and Amgen Inc.
AMGN,
A $1 move in any one of the 30 components of the benchmark results in a 6.58-point swing.
