Chevron, Apple share losses contribute to Dow’s 250-point drop

The Dow Jones Industrial Average is trading down Friday morning with shares of Chevron and Apple delivering the stiffest headwinds for the price-weighted average. The Dow
DJIA,
-0.59%
was most recently trading 259 points, or 0.9%, lower, as shares of Chevron
CVX,
-2.24%
and Apple
AAPL,
-2.14%
are contributing to the index’s intraday decline. Chevron’s shares have fallen $4.23 (2.6%) while those of Apple are down $3.30, or 2.3%, combining for a roughly 50-point drag on the Dow. American Express
AXP,
-2.11%,
Caterpillar
CAT,
-2.15%,
and Goldman Sachs
GS,
-1.89%
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.