Dow's nearly 400-point drop led by losses for shares of Goldman Sachs, Travelers

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The Dow Jones Industrial Average is seeing a selloff Tuesday afternoon with shares of Goldman Sachs and Travelers delivering the stiffest headwinds for the index. Shares of Goldman Sachs
GS,
-6.95%

and Travelers
TRV,
-4.78%

have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.94%

was most recently trading 390 points lower (-1.1%). Goldman Sachs’s shares are off $29.61, or 7.9%, while those of Travelers are off $11.76, or 6.1%, combining for an approximately 273-point drag on the Dow. Other components contributing significantly to the decline include JPMorgan Chase
JPM,
-2.07%
,
Verizon
VZ,
-1.73%
,
and 3M
MMM,
-1.87%
.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.