February 28, 2023

Dow's 117-point drop led by losses in shares of Goldman Sachs, Merck

Shares of Goldman Sachs and Merck are posting losses Tuesday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow DJIA was most recently trading 117 points (0.4%) lower, as shares of Goldman Sachs GS and Merck MRK have contributed to the index’s intraday decline. Goldman Sachs’s shares have declined $9.20, or 2.5%, while those of Merck have fallen $2.29, or 2.1%, combining for a roughly 76-point drag on the Dow. Also contributing significantly to the decline are UnitedHealth UNH, Chevron CVX, and IBM IBM. A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.

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