Caterpillar, American Express share losses contribute to Dow's 160-point drop

Dragged down by negative returns for shares of Caterpillar and American Express, the Dow Jones Industrial Average is declining Friday afternoon. Shares of Caterpillar
CAT,
-5.22%

and American Express
AXP,
-4.12%

have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-1.25%

was most recently trading 160 points (0.5%) lower. Caterpillar’s shares have fallen $9.74, or 4.0%, while those of American Express are off $5.22, or 3.0%, combining for an approximately 99-point drag on the Dow. Also contributing significantly to the decline are Goldman Sachs
GS,
-3.88%
,
Walt Disney
DIS,
-3.15%
,
and Dow
DOW,
-2.74%
.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.