The Dow Jones Industrial Average (DJIA) experienced a downturn in intraday trading on Monday, largely influenced by the declining shares of 3M and JPMorgan Chase (NYSE:JPM). The DJIA was reported to be trading 178 points (0.5%) lower during the session.
The index's dip was substantially affected by a 2.6% decrease in 3M's shares, which equates to a $2.54 drop, and a 1.3% fall in JPMorgan Chase's shares, resulting in a $1.94 decline. Collectively, these two firms accounted for roughly a 30-point reduction in the Dow.
Other companies that are part of the index and contributed significantly to this downward trend include Boeing (NYSE:BA), Salesforce (NYSE:CRM), and Intel (NASDAQ:INTC). It's worth noting that any $1 change in the value of any of the index's 30 components causes a 6.59-point shift in the Dow.
This information is based on data provided by Dow Jones and FactSet and was generated using automation technology from Automated Insights.
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