The Dow Jones Industrial Average was seeing a modest slide late-Thursday morning, led by a sharp decline in shares of Boeing Co. The retreat for plane maker Boeing’s stock was erasing about 50 points from the Dow Jones Industrial Average in early trade, a day after the blue-chip component provided a roughly 110-point lift to the average. A $1 move in any one of the Dow’s members equates to a 6.83-point swing in the benchmark. Boeing’s shares were most recently off $7.35, or 2.1%, at $343.71. Because the Dow is price-weighted, Boeing has become the most influential of the Dow’s components. The Dow was off 66 points, or 0.3%, at 26,049, while the S&P 500 index was off 5 points, or 0.2% at 2,797 and the Nasdaq Composite Index was down 0.1% at 7,288.
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