Dow drops more than 1,000 points amid a 5-day losing streak, with UnitedHealth and Goldman the biggest drags
The Dow Jones Industrial Average took a 413-point, or 1.3% dive, in afternoon trading Thursday, and has dropped 1,024-points amid a five-day losing streak. The biggest drag on the down on Thursday is Goldman Sachs Group Inc.'s stock , which shed $10.37, or 3.6% to shave about 68 points off the Dow's price. The selloff comes after fellow Dow banking component JPMorgan Chase & Co. reported a second-quarter profit miss, with the stock falling $4.87, or 4.4%, to cut about 32 points off the Dow. During the Dow's losing streak, the biggest price decliners were the stocks of Goldman (-$18.82), UnitedHealth Group Inc. (-$18.44), Microsoft Corp. (-$16.48) and Salesforce Inc. (-$15.98); those stocks shaved a combined 460 points off the Dow's price during the streak.
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