Dow drops nearly 200 points on losses in Walmart, Verizon shares

Shares of Walmart and Verizon are trading lower Friday morning, sending the Dow Jones Industrial Average into negative territory. The Dow
DJIA,
+1.15%
was most recently trading 194 points lower (-0.6%), as shares of Walmart
WMT,
-1.94%
and Verizon
VZ,
-1.14%
have contributed to the blue-chip gauge’s intraday decline. Walmart’s shares are down $4.76, or 3.0%, while those of Verizon have dropped $0.90, or 2.9%, combining for an approximately 37-point drag on the Dow. Also contributing significantly to the decline are Chevron
CVX,
-0.27%,
Intel
INTC,
+1.01%,
and McDonald’s
MCD,
-1.30%.
A $1 move in any of the Dow’s 30 components equates to 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.