Dow’s 962-point fall led by losses in shares of American Express,

Dragged down by losses for shares of American Express and Boeing, the Dow Jones Industrial Average is slumping Friday morning. Shares of American Express
AXP,
-9.77%
and Boeing
BA,
-7.78%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-2.88%
was most recently trading 962 points (2.7%) lower. American Express’s shares have declined $14.47 (8.4%) while those of Boeing are down $15.98, or 7.6%, combining for an approximately 201-point drag on the Dow. Also contributing significantly to the decline are Travelers
TRV,
-4.30%,
Caterpillar
CAT,
-4.72%,
and Honeywell International Inc.
HON,
-3.69%.
A $1 move in any of the index’s 30 components results in a 6.59-point swing.