Chevron, JPMorgan Chase share losses contribute to Dow’s 286-point drop

Shares of Chevron and JPMorgan Chase are trading lower Friday afternoon, sending the Dow Jones Industrial Average into negative territory. Shares of Chevron
CVX,
-5.93%
and JPMorgan Chase
JPM,
-2.95%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.90%
was most recently trading 286 points (0.9%) lower. Chevron’s shares are down $9.11 (5.9%) while those of JPMorgan Chase have declined $4.28 (3.0%), combining for an approximately 88-point drag on the Dow. Other components contributing significantly to the decline include Verizon
VZ,
-2.70%,
Amgen
AMGN,
-2.69%,
and Merck
MRK,
-2.44%.
A $1 move in any one of the 30 components of the index results in a 6.59-point swing.