Shares of 3M and Caterpillar are posting losses Thursday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of 3M MMM, -0.22% and Caterpillar CAT, -0.42% are contributing to the index’s intraday decline, as the Dow DJIA, +0.45% was most recently trading 216 points (0.8%) lower. 3M’s shares are off $3.75 (2.4%) while those of Caterpillar are down $2.35 (2.0%), combining for an approximately 41-point drag on the Dow. UnitedHealth UNH, -0.01%, Walgreens Boots WBA, -0.50%, and IBM IBM, -0.55% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark equates to a 6.78-point swing.
3M, Caterpillar share losses contribute to Dow's 216-point drop
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