Dow drops more than 300 points as Boeing’s stock cuts about 100 points from blue-chip gauge

The Dow Jones Industrial Average traded firmly lower on Wednesday, amid a broad downturn in U.S. equities led by selling in financials and industrials. Most recently, the Dow was down 271 points, or 1%, at 24,751, led by a selloff in industrials giant and Dow component Boeing Co. , which was down 4%, or nearly $14, and shaving about 100 points from the blue-chip index. A $1 move in any one of the Dow’s 30 components equates to a 6.89-point swing in the average.

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From:: Stock Market News

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