Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

2 Stocks Are Hacking Off Over 100 Points From The Dow Right Now

Sam RoOct 17, 2013, 17:26 IST

Flickr / mezone

The Dow Jones Industrial Average is a peculiar stock market index for several reasons.

For one, it's a price-weighted index, which means a stock with a high per-share price will have a greater influence on the index's fluctuations. And currently, a one-point move in any single Dow stock moves the Dow by 6.4219 points.

As of yesterday's market close, the three highest priced stocks in the Dow were Visa ($195), IBM ($186), and Goldman Sachs ($162).

And in premarket trading, IBM and Goldman Sachs are each down sharply in the wake of their earnings announcements.

IBM is down $13.45, which hacks 86 points from the Dow.

Goldman is down $4.09, which shaves 26 points from the Dow.

So, two stocks are responsible for a 112 decline in the Dow.

Now you see why people hate the Dow.