Dows 812-point drop led by losses for Nike, Visa stocks – MarketWatch
Shares of Nike and Visa are trading lower Wednesday afternoon, leading the Dow Jones Industrial Average slump. The Dow DJIA, -3.43% was most recently trading 812 points, or 3.0%, lower, as shares of Nike NKE, -4.61% and Visa V, -4.83% have contributed to the blue-chip gauge’s intraday decline. Nike’s shares are down $6.01 (4.7%) while those of Visa have declined $8.91, or 4.7%, combining for a roughly 98-point drag on the Dow. Caterpillar CAT, -4.27%, Salesforce.com Inc. CRM, -4.74%, and Microsoft MSFT, -4.95% 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.