Dow's 300-point drop led by losses for shares of Goldman Sachs, Travelers

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DOW UPDATE

Behind losses for shares of Goldman Sachs and Travelers, the Dow Jones Industrial Average is declining Thursday afternoon. The Dow was most recently trading 302 points lower (-0.9%), as shares of Goldman Sachs and Travelers are contributing to the blue-chip gauge’s intraday decline. Goldman Sachs’s shares are off $9.76, or 2.7%, while those of Travelers are down $2.87, or 1.9%, combining for a roughly 83-point drag on the Dow. JPMorgan Chase Walgreens Boots and Home Depot are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow results in a 6.58-point swing.

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