Home Depot, Boeing Stocks Chop 25 Points From Dow Industrials In Early Trade

By Mark DeCambreMarketsMarketWatch Pulse

The Dow Jones Industrial Average on Wednesday was giving up some of its hard-fought gains from the previous session, as shares of Home Depot and Boeing helped to yank blue chips lower. Shares of home-improvement giant Home Depot Inc. and plane maker Boeing Co. were slicing more than 25 points from the price-weighted benchmark, representing the biggest drag among the Dow's components. Home Depot's shares were off about $2.22 or 1.5%, while Boeing's stock was down about $1.65 or 0.7%. The Dow was down 60 points at 21,839, most recently. A $1 move in any of the Dow's components is equal to a 6.84-point swing in the gauge. Overall, the market was drifting lower, albeit off its worst levels of the session, as investors fretted about the threat of a government shutdown following remarks made by President Donald Trump at a campaign-style rally of his supporters in Phoenix. The Dow is in jeopardy of halting a two-session climb, with the S&P 500 index down 0.3% at 2,446 and the Nasdaq Composite Index shed 0.4% at 6,275. All three benchmarks enjoyed their best daily gains in months on Tuesday.

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