The Dow’s 4 financial stocks are cutting about 170 points off the Dow’s price

Financial stocks continued to drag stock stock market down Friday, as the Dow Jones Industrial Average’s
DJIA,
-1.19%
four financial components contributed about 40% of the index’s selloff. Shares of JPMorgan Chase & Co.
JPM,
-3.78%
gave up 3.7%, insurer Travelers Companies Inc.
TRV,
-4.17%
dropped 3.6%, American Express Co.
AXP,
-2.62%
fell 3.2% and Goldman Sachs Group Inc.
GS,
-3.67%
slid 3.0%. The combined price declines of those stocks reduced the Dow’s price by 170 points, while the Dow fell 439 points, or 1.4%. SVB Financial Group’s
SIVB,
-60.41%
bankruptcy filing on Friday showed that the $30 billion infusion into First Republic Bank
FRC,
-32.80%
didn’t mean the crisis in investor confidence was over.