As the Dow Jones Industrial Average DJIA, -2.24% tumbles 659 points, or 2.6%, in afternoon trade, all 30 of its components are losing ground. Of the biggest decliners, shares of Microsoft Corp. MSFT, -4.00% dropped 4.4%, Caterpillar Inc. CAT, -3.75% shed 4.3% and Intel Corp. INTC, -4.40% declined 4.3%. The most active Dow stock was Apple Inc. AAPL, -3.57% which shed 3.5% toward the lowest close since April 30. Elsewhere, the Dow Jones Transportation Average DJT, -3.93% lost 4.2%, with all 20 components falling. Meanwhile, the defensive Dow Jones Utility Average DJU, +0.56% rose 0.5%, with 14 of 15 components gaining ground.
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