Dow loses grip on intraday record in early trade as Goldman, Boeing’s stocks offset Apple’s rise

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The Dow Jones Industrial Average flipped into negative territory in early trade as declines in Goldman Sachs and Boeing Co. helped to offset a record rally in Apple’s stock. Goldman Sachs Group Inc.












GS, -1.00%










Boeing Co.












BA, -0.34%










and International Business Machines Corp.












IBM, -1.15%










were combining to exact a more than 30-point tax on the price-weighted Dow












DJIA, +0.10%










Those declines were putting pressure on gains from Apple Inc., which was contributing about 25 points to the blue-chip gauge. The Dow was down 28 points, or 0.1% at 23,487 in recent trade. Meanwhile, the S&P 500 index












SPX, +0.31%










was down less than 0.1% at 2,578, also slipping into the red after opening gains, as the financial sector retreated












XLF, -0.41%










The technology-laden Nasdaq Composite Index












COMP, +0.74%










was holding on to slight advance on the back of Apple’s rising shares, which saw it flirting with a valuation at $900 billion for the first time.

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