The Dow Jones Industrial Average on Monday was threatening to end lower for the first time in 2018, as shares of components Boeing Co., Walt Disney Co., and UnitedHealth Group Inc., weighed on the benchmark. The Dow most recently was down about 30 points, with Boeing’s shares contributing about 13 points to that early decline. Shares of UnitedHealth were exacting about the same point drag on the blue-chip gauge, as was a decline in Disney . A $1 move in any one of the Dow’s 30 components can equate to a 6.83-point swing in the price-weighted average. More broadly, the S&P 500 index was down 0.1% at 2,740, while the Nasdaq Composite Index was trading little changed at 7,134. The three main equity indexes on Friday closed out a stellar, albeit holiday-shortened early start to 2018, carving a trio of all-time highs and registering four-straight days of gains to start the year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News