Shares of Johnson & Johnson and Apple Inc. are retreating Friday afternoon, propelling the Dow Jones Industrial Average into a slump. Shares of Johnson & Johnson
and Apple Inc.
are contributing to the blue-chip gauge’s intraday decline, as the Dow
was most recently trading 660 points lower (-2.2%). Johnson & Johnson’s shares are off $8.06 (4.8%) while those of Apple Inc. are off $6.37 (4.6%), combining for a roughly 95-point drag on the Dow. Also contributing significantly to the decline are 3M
and Dow Inc.
A $1 move in any one of the 30 components of the benchmark equates to a 6.58-point swing.
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