The Dow Jones Industrial Average (DJIA) experienced a downturn in intraday trading on Monday, largely influenced by the declining shares of 3M (NYSE: MMM ) and JPMorgan Chase (NYSE: JPM ). The DJIA was reported to be trading 178 points (0.5%) lower during the session.
The index's dip was substantially affected by a 2.6% decrease in 3M's shares, which equates to a $2.54 drop, and a 1.3% fall in JPMorgan Chase's shares, resulting in a $1.94 decline. Collectively, these two firms accounted for roughly a 30-point reduction in the Dow.
Other companies that are part of the index and contributed significantly to this downward trend include Boeing (NYSE: BA ), Salesforce (NYSE: CRM ), and Intel (NASDAQ: INTC ). It's worth noting that any $1 change in the value of any of the index's 30 components causes a 6.59-point shift in the Dow.
This information is based on data provided by Dow Jones and FactSet and was generated using automation technology from Automated Insights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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