Dow's 700-point drop led by losses for shares of Home Depot, Intel

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DOW UPDATE

The Dow Jones Industrial Average is slumping Tuesday afternoon with shares of Home Depot and Intel delivering the stiffest headwinds for the blue-chip average. Shares of Home Depot and Intel have contributed to the index’s intraday decline, as the Dow was most recently trading 704 points lower (-2.1%). Home Depot’s shares have fallen $22.83, or 7.2%, while those of Intel have dropped $1.55, or 5.6%, combining for an approximately 161-point drag on the Dow. 3M Walt Disney and Nike are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

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