Dragged down by declines for shares of Nike and American Express, the Dow Jones Industrial Average is in selloff mode Thursday afternoon. The Dow
DJIA,
was most recently trading 604 points, or 2.0%, lower, as shares of Nike
NKE,
and American Express
AXP,
have contributed to the index’s intraday decline. Nike’s shares have dropped $6.22, or 5.5%, while those of American Express have fallen $6.98, or 4.8%, combining for a roughly 87-point drag on the Dow. Other components contributing significantly to the decline include Chevron
CVX,
Caterpillar
CAT,
and Salesforce Inc.
CRM,
A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.
Read More: Dow drops 600 points on losses in shares of Nike, American Express