Apple, American Express share losses lead Dow’s nearly 250-point fall

The Dow Jones Industrial Average is declining Friday afternoon with shares of Apple and American Express delivering the stiffest headwinds for the blue-chip average. The Dow
DJIA,
-1.34%
was most recently trading 248 points lower (-0.8%), as shares of Apple
AAPL,
-3.22%
and American Express
AXP,
-3.35%
are contributing to the blue-chip gauge’s intraday decline. Apple’s shares are down $3.99, or 2.8%, while those of American Express have declined $3.88, or 2.7%, combining for an approximately 52-point drag on the Dow. Also contributing significantly to the decline are Chevron
CVX,
-3.11%,
Caterpillar
CAT,
-2.70%,
and Goldman Sachs
GS,
-2.31%.
A $1 move in any of the index’s 30 components results in a 6.59-point swing.