January 19, 2023

Home Depot, 3M share losses contribute to Dow's 167-point fall

The Dow Jones Industrial Average is declining Thursday afternoon with shares of Home Depot and 3M seeing the biggest declines for the price-weighted average. The Dow
DJIA,
-0.76%
was most recently trading 167 points lower (-0.5%), as shares of Home Depot
HD,
-3.91%
and 3M
MMM,
-3.53%
are contributing to the blue-chip gauge’s intraday decline. Home Depot’s shares have declined $11.69, or 3.6%, while those of 3M have declined $3.91, or 3.2%, combining for a roughly 103-point drag on the Dow. Caterpillar
CAT,
-2.35%,
American Express
AXP,
-2.36%,
and Procter & Gamble
PG,
-2.15%
are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

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