/Dows 812-point drop led by losses for Nike, Visa stocks – MarketWatch

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.


Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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