And we have not even gotten to Boeing (NYSE: BA), which has plunged 8.4% since June 2. Then there is Caterpillar (NYSE: CAT). The world’s largest construction equipment maker fell 3.1% on volume that was more than double the daily average Thursday, violating its 50-day moving average in the process, after issuing weak guidance.
Boeing and Caterpillar combine for almost 9% of DIA’s weight.
SPDR Dow Jones Industrial Average ETF
Tom Lydon’s clients own share of Coca-Cola and General Electric.