February 24, 2023

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

DOW UPDATE

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 and Microsoft are contributing to the blue-chip gauge’s intraday decline, as the Dow 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 Intel and Nike A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.

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