Dow down 1650 points on losses for shares of Dow Inc., Chevron

Behind declines for shares of Dow Inc. and Chevron, the Dow Jones Industrial Average is slumping Monday afternoon. The Dow DJIA, -7.78% was most recently trading 1,652 points lower (-6.4%), as shares of Dow Inc. DOW, -21.65% and Chevron CVX, -15.36% are contributing to the blue-chip gauge’s intraday decline. Dow Inc.’s shares have declined $8.00, or 20.5%, while those of Chevron are off $13.14, or 13.8%, combining for an approximately 143-point drag on the Dow. Also contributing significantly to the decline are Caterpillar CAT, -14.28%, JPMorgan Chase JPM, -13.54%, and Boeing BA, -13.40%. A $1 move in any of the index’s 30 components results in a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.