February 2, 2023

UnitedHealth, Travelers share losses contribute to Dow's nearly 175-point drop

Shares of UnitedHealth and Travelers are trading lower Thursday afternoon, sending the Dow Jones Industrial Average into negative territory. Shares of UnitedHealth
UNH,
-5.79%
and Travelers
TRV,
-2.39%
are contributing to the index’s intraday decline, as the Dow
DJIA,
-0.20%
was most recently trading 172 points (0.5%) lower. UnitedHealth’s shares are off $29.80 (6.0%) while those of Travelers are down $5.88 (3.2%), combining for an approximately 235-point drag on the Dow. Also contributing significantly to the decline are Merck
MRK,
-4.40%,
Amgen
AMGN,
-2.67%,
and Caterpillar
CAT,
-1.60%.
A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.

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