February 23, 2023

Dow's 150-point drop led by losses in Walmart, Walt Disney stocks

Dragged down by losses for shares of Walmart and Walt Disney, the Dow Jones Industrial Average is trading down Thursday morning. The Dow
DJIA,
-0.43%
was most recently trading 157 points (0.5%) lower, as shares of Walmart
WMT,
-1.80%
and Walt Disney
DIS,
-0.97%
have contributed to the index’s intraday decline. Walmart’s shares have fallen $3.27 (2.3%) while those of Walt Disney are off $1.81, or 1.8%, combining for a roughly 33-point drag on the Dow. Also contributing significantly to the decline are Verizon
VZ,
-1.92%,
McDonald’s
MCD,
-1.30%,
and Cisco
CSCO,
-1.18%.
A $1 move in any of the index’s 30 components results in 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.

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