All 30 Dow stocks are falling, led by members of the financial sector Goldman, Travelers, JPMorgan Chase

Photo of author

The early big selloff in the Dow Jones Industrial Average DJIA is unanimous, as shares of all 30 components were lower. The biggest losers were members of the financial sector, which has been hit by investor anxiety over the recent failures of SVB Financial’s SIVB Silicon Valley Bank and Signature Bank SBNY. Goldman Sachs Group Inc. Shares of GS gained 2.6% in premarket trading, Travelers Company Inc. TRV declined 2.4%, JPMorgan Chase & Co JPM 2.4% and American Express Co AXP declined 2.1%. The decline in the implied value of the insurers’ those shares would cause the Dow’s price to drop a combined 127 points, while …

See also  SVB Financial shares biggest fall in 25 years after huge losses on securities sale, equity offering