Dow’s 85-point drop led by losses for shares of 3M, Nike

Behind negative returns for shares of 3M and Nike, the Dow Jones Industrial Average is declining Monday morning. The Dow
DJIA,
-0.65%
was most recently trading 85 points, or 0.3%, lower, as shares of 3M
MMM,
-3.99%
and Nike
NKE,
-1.14%
have contributed to the index’s intraday decline. 3M’s shares have dropped $2.72 (2.9%) while those of Nike are off $1.45 (1.5%), combining for a roughly 27-point drag on the Dow. Other components contributing significantly to the decline include Walgreens Boots
WBA,
+0.02%,
Chevron
CVX,
-1.80%,
and McDonald’s
MCD,
-1.99%.
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.