February 2, 2023

Travelers, UnitedHealth share losses lead Dow's 83-point drop

Behind declines for shares of Travelers and UnitedHealth, the Dow Jones Industrial Average is trading down Thursday morning. Shares of Travelers
TRV,
-3.17%
and UnitedHealth
UNH,
-4.91%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.22%
was most recently trading 83 points lower (-0.2%). Travelers’s shares have fallen $7.19, or 3.9%, while those of UnitedHealth are off $18.36 (3.7%), combining for an approximately 168-point drag on the Dow. Also contributing significantly to the decline are Caterpillar
CAT,
-2.60%,
Amgen
AMGN,
-2.66%,
and Merck
MRK,
-3.11%.
A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.

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