Intel, Verizon Communications Inc. share losses lead Dow's nearly 525-point fall

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The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Intel and Verizon Communications Inc. delivering the stiffest headwinds for the blue-chip average. The Dow DJIA, -1.38% was most recently trading 520 points lower (-1.5%), as shares of Intel INTC, -5.91% and Verizon Communications Inc. VZ, -3.73% are contributing to the blue-chip gauge’s intraday decline. Intel’s shares have dropped $2.92, or 6.2%, while those of Verizon Communications Inc. have dropped $1.78 (3.7%), combining for a roughly 31-point drag on the Dow. Also contributing significantly to the decline are Walgreens Boots WBA, -2.81%, Salesforce Inc. CRM, -3.01%, and Chevron CVX, -2.36%. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.