Goldman Sachs, JPMorgan Chase share losses lead Dow’s 513-point fall

The Dow Jones Industrial Average is in selloff mode Tuesday afternoon with shares of Goldman Sachs and JPMorgan Chase facing the biggest setback for the index. The Dow
DJIA,

was most recently trading 513 points, or 1.4%, lower, as shares of Goldman Sachs
GS,

and JPMorgan Chase
JPM,

have contributed to the index’s intraday decline. Goldman Sachs’s shares are off $27.41 (7.2%) while those of JPMorgan Chase are down $6.40, or 4.1%, combining for an approximately 223-point drag on the Dow. Cisco
CSCO,
,
Microsoft
MSFT,
,
and Honeywell International Inc.
HON,

are also contributing significantly to the decline. A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.