American Express, Intel share losses contribute to Dow’s nearly 100-point fall

Dragged down by losses for shares of American Express and Intel, the Dow Jones Industrial Average is trading down Wednesday afternoon. The Dow
DJIA,
-0.19%
was most recently trading 92 points, or 0.3%, lower, as shares of American Express
AXP,
-1.86%
and Intel
INTC,
-1.55%
are contributing to the blue-chip gauge’s intraday decline. American Express’s shares have declined $3.38 (2.0%) while those of Intel are down $0.69, or 1.6%, combining for an approximately 27-point drag on the Dow. Other components contributing significantly to the decline include Johnson & Johnson
JNJ,
-1.22%,
JPMorgan Chase
JPM,
-1.05%,
and Walmart
WMT,
-1.09%.
A $1 move in any of the index’s 30 components equates to a 6.59-point swing.