By MarketWatch Automation
Shares of American Express and Honeywell International Inc. are trading lower Monday afternoon, propelling the Dow Jones Industrial Average into a slump. The Dow (DOW:DJIA) was most recently trading 767 points, or 2.8%, lower, as shares of American Express (NYS:AXP) and Honeywell International Inc. (NYS:HON) are contributing to the blue-chip gauge's intraday decline. American Express's shares are off $6.39 (6.2%) while those of Honeywell International Inc. have fallen $9.09 (5.4%), combining for an approximately 102-point drag on the Dow. Also contributing significantly to the decline are 3M (NYS:MMM) , UnitedHealth (NYS:UNH) , and Dow Inc. (NYS:DOW) . A $1 move in any one of the 30 components of the index results in a 6.58-point swing.