Verizon Communications Inc., JPMorgan Chase share losses contribute to Dow's 82-point drop

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DOW UPDATE

Dragged down by declines for shares of Verizon Communications Inc. and JPMorgan Chase, the Dow Jones Industrial Average is down Monday afternoon. Shares of Verizon Communications Inc. and JPMorgan Chase have contributed to the index’s intraday decline, as the Dow was most recently trading 82 points, or 0.2%, lower. Verizon Communications Inc.’s shares have fallen $1.16 (2.2%) while those of JPMorgan Chase have declined $2.90 (1.7%), combining for a roughly 27-point drag on the Dow. Visa Walt Disney and Goldman Sachs are also contributing significantly to the decline. A $1 move in any of the index’s 30 components results in a 6.58-point swing.

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