Video: BofA securities: Markets are are reaching unsustainable highs (CNBC)
Dragged down by negative returns for shares of Boeing and Nike, the Dow Jones Industrial Average is declining Tuesday afternoon. The Dow was most recently trading 325 points, or 1.0%, lower, as shares of Boeing and Nike are contributing to the blue-chip gauge’s intraday decline. Boeing’s shares have dropped $11.68 (4.8%) while those of Nike are off $6.28 (4.7%), combining for a roughly 118-point drag on the Dow. Other components contributing significantly to the decline include Goldman Sachs Dow Inc. and Caterpillar A $1 move in any of the Dow’s 30 components results in a 6.58-point swing.