DALLAS — This article was originally published by our content partners at the Dallas Business Journal. Read the original article here.
Dallas-Fort Worth public companies saw their share prices caught up in the Aug. 5 stock market shakeout.
The Dow Jones Industrial Average sank by more than 1,000 points, or 2.6%, while the S&P 500 closed the day down 3%. The market indexes had fallen even further earlier in the day but recovered slightly.
DFW has more than 115 publicly traded companies, most of which saw their stock prices decrease, in some cases sharply.
Dallas-based telecom giant AT&T Inc. (NYSE: T) fell 2.37%, or 46 cents, to $18.91 per share. Heavy equipment maker Caterpillar (NYSE: CAT), which moved its headquarters to Irving in 2022, fell nearly 1.3%, or $4.07, to $316.80. And McKesson Corp. (NYSE: MCK), also based in Irving, fell 2.76%, or $17.43 per share, to $612.95.
DFW’s airlines fell, too. Dallas-based Southwest Airlines Co. (NYSE: LUV) closed the day down 5.39% at $23.70. Fort Worth-based American Airlines Group Inc. (Nasdaq: AAL) was less severely impacted, with a 3.6% drop, down 35 cents to $9.28.
D.R. Horton Inc. (NYSE: DHI), a huge national homebuilder based in Arlington, fell 2.2%, or $3.89, to $173.73. Commercial real estate titan CBRE Group Inc. lost 3.4%, or $3.76, to close at $106.62.
Westlake-based financial services firm Charles Schwab Corp. (NYSE: SCHW) fell 1.7%, or $1.10, to $62.29. Dallas-headquartered Texas Instruments Inc. (NYSE: TXN) slid 3.3%, or $6.27, to $181.19 per share.
Tenet Healthcare Corp. (NYSE: THC), headquartered in Dallas, was one of the few companies to buck the downward trend, jumping almost 2.3% to $144.99.
Editor's note: This story has been updated with market data as of the close of trading on Aug. 5.
