The Dow Jones Industrial Average is taking the brunt of the selling today, despite some good news—perhaps—globally.
The Dow has dropped 100.11 points, or 0.2%, just after noon on Friday, while the S&P 500 and the Nasdaq Composite have declined 0.1%. They’re not big losses, but the declines have picked up a touch this afternoon.
Nothing in the Dow is getting hit all that hard. Walt Disney is down 1%, McDonald’s is off 0.9%, and Boeing has declined 0.8%, not exactly declines that send us running for cover. But since the Dow is a price-weighted index, the fact that all three of the stocks in the benchmark that have prices above $400—Goldman Sachs, Caterpillar, and Microsoft—are all down on the day doesn’t help.