Walt Disney, Nike share losses contribute to Dow's 80-point drop

This post was originally published on this site

The Dow Jones Industrial Average is declining Friday afternoon with shares of Walt Disney and Nike delivering the stiffest headwinds for the blue-chip average. Shares of Walt Disney DIS, -1.45% and Nike NKE, -1.25% have contributed to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.17% was most recently trading 80 points lower (-0.3%). Walt Disney’s shares are down $3.32, or 1.7%, while those of Nike are down $1.89, or 1.3%, combining for an approximately 34-point drag on the Dow. Cisco CSCO, -1.23%, Procter & Gamble PG, -1.05%, and UnitedHealth UNH, -1.12% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow results in a 6.58-point swing.