The Dow Jones Industrial Average is trading down Friday afternoon with shares of UnitedHealth and Merck delivering the stiffest headwinds for the index. Shares of UnitedHealth
UNH,
-5.34%
and Merck
MRK,
-4.03%
are contributing to the index’s intraday decline, as the Dow
DJIA,
+0.09%
was most recently trading 55 points, or 0.2%, lower. UnitedHealth’s shares have declined $28.83, or 5.3%, while those of Merck have fallen $3.94, or 3.9%, combining for a roughly 216-point drag on the Dow. Other components contributing significantly to the decline include Johnson & Johnson
JNJ,
-3.18%,
Amgen
AMGN,
-2.65%,
and Cisco
CSCO,
-2.33%.
A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
