Goldman Sachs' Stock Drop Is Holding The Dow Down

By Tomi Kilgore Markets MarketWatch Pulse

Ironically, Goldman Sachs Group Inc.'s stock , which has contributed the most by far to the Dow Jones Industrial Average's recent rally toward 20,000, is the biggest reason the Dow is down on Wednesday. The banker's stock was shedding $2.10, or 0.9%, to shave about 14 points off the Dow, which was down 12 points in afternoon trade. Meanwhile, the $29.88, or 14%, Goldman's stock has climbed since Nov. 22, when the Dow first closed above 19,000, has added about 205 points to the Dow's 938-point gain, to come up about 38 points shy of 20K.

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