UnitedHealth, Merck share losses lead Dow's 50-point drop

view original post

© Marketwatch


The Dow Jones Industrial Average is trading down Friday afternoon with shares of UnitedHealth and Merck delivering the stiffest headwinds for the index. Shares of UnitedHealth and Merck are contributing to the index’s intraday decline, as the Dow was most recently trading 55 points, or 0.2%, lower. UnitedHealth’s shares have declined $28.83, or 5.3%, while those of Merck have fallen $3.94, or 3.9%, combining for a roughly 216-point drag on the Dow. Other components contributing significantly to the decline include Johnson & Johnson Amgen and Cisco A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.

Continue Reading