5 stocks account for nearly 200-points of Dow's tumble
Of the Dow Jones Industrial Average's 412-point plunge Tuesday, five higher-priced components are accounting for nearly half of the decline. The biggest drag on the Dow's price is Boeing Co. as the stock fell $8.75, or 2.4%, to shave about 59 points off the Dow's price. Among the other biggest drags, shares of Goldman Sachs Group Inc. shed $5.66, or 2.8%; Caterpillar Inc. declined $4.86, or 3.6%; 3M Co. dropped $4.60, or 2.4%; and Apple Inc. gave up $3.72, or 2.4%. Combined, the stocks' price declines cut about 187 points off the Dow's price. The Dow is a price-weighted average, meaning stocks with the highest prices have the most influence, while indexes like the S&P 500 and the Nasdaq Composite are market-capitalization weighted, meaning the most valuable companies carry the most weight.
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