Blame Dow Industrials' Late-sesion Slump Entirely On Boeing, 3M, Disney's Stock

By Mark DeCambre Markets MarketWatch Pulse

The Dow Jones Industrial Average was trading in negative territory late Wednesday afternoon, weighed down by a late-afternoon slump in shares of Boeing Co., Walt Disney Co., and 3M Co. The trio of Dow components combined were cutting about 45 points from the blue-chip gauge, which was off 50 points, or 0.2% at 20,924. Meanwhile, the S&P 500 index traded near break-even levels, while the Nasdaq Composite was flirting with another record close, up 0.1% at 6,126. The downdraft for the Dow, which has been under pressure all day, accelerated on reports that Boeing halted flights for its fleet of 737 planes due to problems with its turbine engines. MarketWatch has not interdependently confirmed those reports. Meanwhile, Disney's shares were down after the company disappointed analysts' expectations late-Tuesday on revenues. Shares of 3M Co. were off 0.6%--the third worst performer on a point basis in the Dow.

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