Behind declines for shares of Merck and Chevron, the Dow Jones Industrial Average is falling Wednesday afternoon. The Dow
DJIA,
-1.07%
was most recently trading 158 points lower (-0.5%), as shares of Merck
MRK,
+0.08%
and Chevron
CVX,
-0.52%
have contributed to the index’s intraday decline. Merck’s shares are down $3.32 (3.0%) while those of Chevron are off $2.33, or 1.4%, combining for an approximately 37-point drag on the Dow. Other components contributing significantly to the decline include Travelers
TRV,
+1.01%,
McDonald’s
MCD,
+0.15%,
and UnitedHealth
UNH,
-0.63%.
A $1 move in any one of the 30 components of the benchmark 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.
