February 24, 2023

All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney

MARKET PULSE

Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Friday’s premarket, as Dow futures took a hit after strong consumer spending data worried investors the Federal Reserve could raise rates more and for longer. The Dow’s biggest decliner was Boeing Co.’s stock which dropped 3.9% ahead of the open after The Wall Street Journal reported that aerospace giant halted deliveries of 787 Dreamliners because of a documentation issue. The other biggest Dow decliners were shares of Salesforce Inc. which shed 2.1%, and Walt Disney Co. which slid 2.0%. The Dow’s best performer was American Express Co.’s stock which slipped 0.1%. Dow futures dropped 3764points, or 1.1%.

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