Shares of American Express and UnitedHealth are trading lower Monday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.52% was most recently trading 248 points, or 0.8%, lower, as shares of American Express AXP, -2.91% and UnitedHealth UNH, -2.36% have contributed to the blue-chip gauge’s intraday decline. American Express’s shares have fallen $5.63, or 3.2%, while those of UnitedHealth have dropped $12.75 (2.5%), combining for a roughly 121-point drag on the Dow. Coca-Cola KO, -2.57%, Boeing BA, -1.63%, and McDonald’s MCD, -1.80% are also contributing significantly to the decline. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.
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