Dow drops 488 points on losses for Boeing, Apple Inc. shares

Shares of Boeing and Apple Inc. are retreating Thursday afternoon, propelling the Dow Jones Industrial Average selloff. Shares of Boeing
BA,
+0.52%
and Apple Inc.
AAPL,
+1.48%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
+1.34%
was most recently trading 488 points lower (-1.6%). Boeing’s shares have declined $7.24 (5.4%) while those of Apple Inc. are off $7.61, or 5.1%, combining for an approximately 98-point drag on the Dow. Walgreens Boots
WBA,
+1.14%,
Nike
NKE,
-0.55%,
and Intel
INTC,
+0.78%
are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.