Dow falls 200 points on losses in shares of JPMorgan Chase, Goldman Sachs

Shares of JPMorgan Chase and Goldman Sachs are retreating Friday morning, sending the Dow Jones Industrial Average into negative territory. The Dow
DJIA,
-1.19%
was most recently trading 199 points (0.6%) lower, as shares of JPMorgan Chase
JPM,
-3.78%
and Goldman Sachs
GS,
-3.67%
have contributed to the index’s intraday decline. JPMorgan Chase’s shares are off $3.52, or 2.7%, while those of Goldman Sachs have dropped $8.17, or 2.6%, combining for an approximately 77-point drag on the Dow. Other components contributing significantly to the decline include American Express
AXP,
-2.62%,
Travelers
TRV,
-4.17%,
and Caterpillar
CAT,
-1.69%.
A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.