Shares of JPMorgan Chase and Goldman Sachs are retreating Friday morning, sending the Dow Jones Industrial Average into negative territory. The Dow
DJIA,
-1.34%
was most recently trading 199 points (0.6%) lower, as shares of JPMorgan Chase
JPM,
-3.56%
and Goldman Sachs
GS,
-3.20%
have contributed to the index’s intraday decline. JPMorgan Chase’s shares are off $3.52, or 2.7%, while those of Goldman Sachs have dropped $8.17, or 2.6%, combining for an approximately 77-point drag on the Dow. Other components contributing significantly to the decline include American Express
AXP,
-3.34%,
Travelers
TRV,
-3.81%,
and Caterpillar
CAT,
-3.22%.
A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.