Boeing, Microsoft share losses contribute to Dow's 350-point drop

The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Boeing and Microsoft delivering the stiffest headwinds for the blue-chip average. Shares of Boeing
BA,
-4.80%

and Microsoft
MSFT,
-2.18%

are contributing to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-1.02%

was most recently trading 351 points, or 1.1%, lower. Boeing’s shares have dropped $9.58 (4.6%) while those of Microsoft are off $5.76, or 2.3%, combining for an approximately 101-point drag on the Dow. Other components contributing significantly to the decline include Apple
AAPL,
-1.80%
,
Intel
INTC,
-1.84%
,
and Nike
NKE,
-1.60%
.
A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.