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Dow Update

Sept. 21, 2020, 3:58 p.m. EDT

Dow drops nearly 550 points on losses in American Express, Dow Inc. stocks

By MarketWatch Automation

Dragged down by negative returns for shares of American Express and Dow Inc., the Dow Jones Industrial Average is in a selloff Monday afternoon. The Dow (DOW:DJIA) was most recently trading 543 points lower (-2.0%), as shares of American Express (NYS:AXP) and Dow Inc. (NYS:DOW) are contributing to the index's intraday decline. American Express's shares are off $5.35 (5.2%) while those of Dow Inc. have fallen $2.52, or 5.0%, combining for an approximately 52-point drag on the Dow. Other components contributing significantly to the decline include 3M (NYS:MMM) , Caterpillar (NYS:CAT) , and Honeywell International Inc. (NYS:HON) . A $1 move in any of the index'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.

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