Dow drops 439 points on losses in shares of JPMorgan Chase, Travelers

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The Dow Jones Industrial Average is in selloff mode Friday morning with shares of JPMorgan Chase and Travelers delivering the stiffest headwinds for the blue-chip average. The Dow
DJIA,
-1.28%
was most recently trading 439 points, or 1.4%, lower, as shares of JPMorgan Chase
JPM,
-3.74%
and Travelers
TRV,
-4.05%
are contributing to the index’s intraday decline. JPMorgan Chase’s shares are down $4.76, or 3.6%, while those of Travelers are down $5.90 (3.4%), combining for an approximately 70-point drag on the Dow. American Express
AXP,
-3.24%,
Caterpillar
CAT,
-2.47%,
and Goldman Sachs
GS,
-3.37%
are also contributing significantly to the decline. A $1 move in any one of the 30 components of the index results in a 6.59-point swing.

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