Dow Drops 370 Points as Five Stocks Contribute to 59% Decline
The Dow Jones Industrial Average declined 370 points on Thursday, August 6, 2026, to 53,978.75.
According to initial estimates, five stocks accounted for roughly 59% of the decline, which is an unusually large share.
The Dow's price-weighted structure amplifies shifts in higher-priced stocks, and Goldman Sachs Group NYSE:GS was the largest contributor, dropping just 0.83% but subtracting about 52 points from the index with its $8.78 slide.
Salesforce NYSE:CRM declined 3.91%, taking roughly 45 points off the Dow, while UnitedHealth Group NYSE:UNH fell 1.91%, and Honeywell International NASDAQ:HON dropped 2.62%.
The software sector was a notable area of weakness, with AppLovin NASDAQ:APP dropping 19.3% and Datadog NASDAQ:DDOG sliding 14.7% following their earnings reports.