Chevron’s Negative Returns Drag Dow Down ...Middle East

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Chevron’s Negative Returns Drag Dow Down
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Negative share returns by Chevron Corp. (NYSE: CVX) and Microsoft Corp. (NASDAQ: MSFT) have been dragging down the Dow Jones Industrial Average in Wednesday's intraday session. Chevron was down 2.7% while Microsoft had lost 1.6% at 12.30 pm ET with the two stocks accounting for 38 of the index’s 64-point drop on the day. Chevron has continued its poor start to the year, with CVX stock now down -3.7% in the year-to-date vs. +3.6% gain by the Energy Select Sector SPDR Fund (NYSEARCA: XLE). In contrast, Chevron’s close peer, Exxon Mobil…

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