February 2, 2023

Dow down 259 points on losses in shares of UnitedHealth, Travelers

Shares of UnitedHealth and Travelers are trading lower Thursday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of UnitedHealth
UNH,
-4.89%
and Travelers
TRV,
-3.17%
are contributing to the index’s intraday decline, as the Dow
DJIA,
-0.21%
was most recently trading 259 points (0.8%) lower. UnitedHealth’s shares have dropped $18.49, or 3.7%, while those of Travelers have fallen $6.83 (3.7%), combining for a roughly 167-point drag on the Dow. Also contributing significantly to the decline are Honeywell
HON,
-1.94%,
Merck
MRK,
-3.11%,
and Amgen
AMGN,
-2.65%.
A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.

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