Dow falls nearly 400 points on losses in shares of Goldman Sachs, Travelers

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The Dow Jones Industrial Average is in a selloff Tuesday afternoon with shares of Goldman Sachs and Travelers facing the biggest declines for the price-weighted average. Shares of Goldman Sachs
GS,
-6.44%

and Travelers
TRV,
-4.60%

are contributing to the index’s intraday decline, as the Dow
DJIA,
-1.14%

was most recently trading 393 points, or 1.1%, lower. Goldman Sachs’s shares are off $23.04 (6.2%) while those of Travelers have fallen $9.48, or 4.9%, combining for a roughly 214-point drag on the Dow. Verizon
VZ,
-2.41%
,
3M
MMM,
-2.25%
,
and Dow
DOW,
-2.18%

are also contributing significantly to the decline. A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.