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These 3 Stocks Punished the Dow Friday

·3 min read
These 3 Stocks Punished the Dow Friday
In this article:
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  • ^DJI
  • AXP
  • GS
  • BA

The stock market was definitely not in a holiday mood on the day after Thanksgiving, as news of the new Omicron variant of COVID-19 led to widespread concerns about a possible return to lockdown conditions. Because of the Dow's price-weighted nature, a few stocks had a disproportionate influence on the average's moves. Below, we'll look at how American Express (NYSE: AXP), Boeing (NYSE: BA), and Goldman Sachs (NYSE: GS) combined to lop about 250 points off the Dow by themselves.