Dow sees triple-digit fall in late-morning trade as Boeing, UnitedHealth's stocks cut 70 points

The Dow Jones Industrial Average late-morning Tuesday turned firmly negative, weighed by declines in heavyweights Boeing Co., and UnitedHealth. Shares of Dow components Boeing and health-care giant UnitedHealth Group Inc. were producing the biggest drag on the price-weighted index, cutting about 70 points from the average. The Dow was most recently off 142 points, or 0.6%, at 24,741. The swing into negative territory underlined a regime of up-and-down trade for equities following its fall into correction territory, defined as a decline from a recent peak of at least 10% last month. The Dow had been up by as much as 120 points before pivoting lower early Tuesday. Wall Street also was digesting news of easing tensions between North Korea and the U.S. against the backdrop of President Donald Trump's threat of imposing import tariffs on steel and aluminum. At other U.S. benchmarks, the S&P 500 index was off 0.2% at 2,714, while the Nasdaq Composite Index [: COMP] was less than 0.1% lower at 7,324.

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