JPMorgan, Boeing: Dow Movers
NEW YORK (
) -- U.S. stocks finished lower Friday, dragged down by
lingering concerns about the stability of the eurozone
ahead of the long Memorial Day weekend.
The
Dow Jones Industrial Average
fell 75 points, or 0.6%, to 12,455. The
S&P 500
lost 3 points to 1,317.82 and the
Nasdaq Composite
dropped 1.85 points to 2,837.53.
Breadth within the Dow was negative with 22 of the index's 30 components posting losses.
The biggest percentage ecliners in the index were
Boeing
(BA) - Get Boeing Company Report
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,
JPMorgan Chase
(JPM) - Get JPMorgan Chase & Co. Report
and
Caterpillar
(CAT) - Get Caterpillar Inc. Report
.
|
Shares of Boeing dropped 1.95% to $70.00. The aerospace company is getting closer to forging a deal with Lion Air for 10 Boeing 787-8 Dreamliner passenger jets, according to
Reuters
. The value of this order would be about $1.9 billion,
Reuters
said.
The stock has fallen 4.57% year to date.
Caterpillar shares fell 1.62% to $89.94. The stock has ticked down 66 cents, or 0.73%, year to date.
Shares of JPMorgan lost 1.38% to $89.94. The bank's CEO Jamie Dimon is scheduled to testify in front of the Senate Banking Committee on June 7 regarding JPMorgan's more than $2 billion trading loss, according to
Reuters
.
The stock has ticked up 25 cents, or 0.75%, year to date.
--
Written by Alexandra Zendrian in New York
.
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