Goldman Sachs, JPMorgan Chase share losses contribute to Dow’s 316-point fall

Dragged down by losses for shares of Goldman Sachs and JPMorgan Chase, the Dow Jones Industrial Average is declining Tuesday morning. The Dow
DJIA,
-0.74%
was most recently trading 316 points, or 0.9%, lower, as shares of Goldman Sachs
GS,
-2.36%
and JPMorgan Chase
JPM,
-1.19%
are contributing to the index’s intraday decline. Goldman Sachs’s shares are off $10.82 (3.0%) while those of JPMorgan Chase have fallen $3.79 (2.4%), combining for a roughly 96-point drag on the Dow. Also contributing significantly to the decline are Intel
INTC,
-1.50%,
Caterpillar
CAT,
+0.13%,
and Dow
DOW,
-1.09%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.