Dow drops 125 points on losses in Inc., Chevron stocks

Shares of Inc. and Chevron are trading lower Wednesday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow DJIA, +1.33% was most recently trading 127 points lower (-0.5%), as shares of Inc. CRM, +2.18% and Chevron CVX, +0.04% have contributed to the index’s intraday decline. Inc.’s shares have declined $6.74, or 2.7%, while those of Chevron have dropped $1.64, or 2.2%, combining for a roughly 55-point drag on the Dow. Apple Inc. AAPL, +3.75%, American Express AXP, +0.84%, and Walt Disney DIS, +1.23% are also contributing significantly to the decline. A $1 move in any of the Dow’s 30 components results in a 6.58-point swing.