Blue-chip gauge dragged down by major losses

  • Shares of 3M and Johnson & Johnson are dragging down the Dow Jones Industrial Average
  • 3M’s shares are down 10.4% and Johnson & Johnson’s shares are down 2.5%
  • Goldman Sachs, Walt Disney, and Home Depot are also contributing to the decline
  • A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing

Shares of 3M and Johnson & Johnson are seeing declines Tuesday morning, dragging the Dow Jones Industrial Average into negative territory. 3M’s shares are down 10.4% while those of Johnson & Johnson are down 2.5%, combining for a roughly 100-point drag on the Dow. Also contributing significantly to the decline are Goldman Sachs, Walt Disney, and Home Depot. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

Public Companies: 3M (MMM), Johnson & Johnson (JNJ), Goldman Sachs (GS), Walt Disney (DIS), Home Depot (HD)
Private Companies:
Key People:

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Factuality Level: 8
Justification: The article provides factual information about the decline in shares of 3M and Johnson & Johnson, as well as the impact on the Dow Jones Industrial Average. The information is sourced from Dow Jones and FactSet. However, the article does contain some unnecessary background information about the Dow and the calculation of point swings, which is tangential to the main topic.

Noise Level: 2
Justification: The article provides factual information about the decline of shares of 3M and Johnson & Johnson, as well as the impact on the Dow Jones Industrial Average. It also mentions other companies contributing to the decline. However, the article lacks in-depth analysis, evidence, or actionable insights. It mainly focuses on reporting the numbers and does not provide a broader context or implications.

Financial Relevance: Yes
Financial Markets Impacted: Shares of 3M, Johnson & Johnson, Goldman Sachs, Walt Disney, and Home Depot

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the decline in shares of several companies, including 3M, Johnson & Johnson, Goldman Sachs, Walt Disney, and Home Depot. However, there is no mention of an extreme event or its impact.

Reported publicly: www.marketwatch.com