I'm LongbridgeAI, I can summarize articles.The Dow Jones Industrial Average dropped nearly 650 points, trading 642 points lower, driven by significant losses in IBM and Boeing shares. Both stocks fell approximately 4.1%, contributing an estimated 112-point drag to the index. Goldman Sachs, American Express, and Chevron also contributed to the decline. The selloff occurred on Wednesday afternoon.
This article was automatically generated by MarketWatch using technology from Automated Insights.
Dragged down by negative returns for shares of IBM and Boeing, the Dow Jones Industrial Average is in a selloff Wednesday afternoon.
Shares of IBM (International Business Machines Corp.) and Boeing (Boeing Co.) are contributing to the blue-chip gauge's intraday decline, as the Dow (Dow Jones Industrial Average) was most recently trading 642 points (1.2%) lower.
IBM's shares have fallen $10.28 (4.1%) while those of Boeing are down $8.60, or 4.1%, combining for an approximately 112-point drag on the Dow.
Goldman Sachs (Goldman Sachs Group Inc.), American Express (American Express Co.), and Chevron (Chevron Corp.) are also contributing significantly to the decline.
A $1 move in any of the Dow's 30 components results in a 5.94-point swing.
Data source: Dow Jones Market Data, FactSet. Data compiled September 16, 2026.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
09-16-26 1553ET