Dow's nearly 350-point fall led by losses for Intel, Goldman Sachs stocks

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Shares of Intel and Goldman Sachs are trading lower Wednesday afternoon, propelling the Dow Jones Industrial Average selloff. The Dow DJIA, -0.87% was most recently trading 342 points, or 1.0%, lower, as shares of Intel INTC, -5.32% and Goldman Sachs GS, -2.34% have contributed to the index’s intraday decline. Intel’s shares have dropped $2.36 (5.4%) while those of Goldman Sachs have dropped $7.64, or 2.4%, combining for an approximately 66-point drag on the Dow. JPMorgan Chase JPM, -2.13%, American Express AXP, -1.54%, and Travelers TRV, -1.53% 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.