Quartet of stocks, led by Wal-Mart, Goldman, chop 55 points from Dow industrials


The Dow Jones Industrial Average on Thursday was being yanked firmly lower in early trade as four of its components were under severe pressure. Shares of Apple Inc.

AAPL, -1.11%

Goldman Sachs Group Inc.

GS, -1.08%

Wal-Mart Stores Inc.

WMT, -2.02%

and Cisco Systems Inc.

CSCO, -4.11%

were exacting a more-than 50-point toll on the Dow

DJIA, -0.50%

which was down more than 100 points at last check, with those components representing the lion’s share of the fall. Wal-Mart’s share decline came even as the the giant retailer reported quarterly results that were better than expected but showed disappointing sales in its Sam’s Club unit. More broadly, the S&P 500 index

SPX, -0.55%

was off 0.6% at 2,452, and the Nasdaq Composite Index

COMP, -0.82%

was giving up 1% in early trade at 6,284.