Dow drops nearly 100 points on losses for Honeywell, American Express shares

Shares of Honeywell and American Express are trading lower Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Honeywell
HON,
-4.86%
and American Express
AXP,
-1.88%
have contributed to the index’s intraday decline, as the Dow
DJIA,
-0.28%
was most recently trading 98 points (0.3%) lower. Honeywell’s shares have fallen $10.36, or 5.0%, while those of American Express are off $3.06 (1.8%), combining for a roughly 88-point drag on the Dow. Other components contributing significantly to the decline include Verizon
VZ,
-1.63%,
Visa
V,
-1.40%,
and Microsoft
MSFT,
-1.53%.
A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing.