Chevron, 3M share losses lead Dow's nearly 550-point drop

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The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Chevron and 3M delivering the stiffest headwinds for the index. The Dow DJIA, -2.00% was most recently trading 548 points (1.8%) lower, as shares of Chevron CVX, -4.44% and 3M MMM, -4.08% have contributed to the blue-chip gauge’s intraday decline. Chevron’s shares are down $3.57, or 4.0%, while those of 3M are down $7.13 (3.9%), combining for an approximately 70-point drag on the Dow. Also contributing significantly to the decline are Johnson & Johnson JNJ, -3.82%, Dow Inc. DOW, -4.19%, and Apple Inc. AAPL, -4.33%. A $1 move in any of the Dow’s 30 components equates to a 6.58-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.