Verizon Communications Inc., JPMorgan Chase share losses lead Dow's nearly 100-point drop

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DOW UPDATE

Behind losses for shares of Verizon Communications Inc. and JPMorgan Chase, the Dow Jones Industrial Average is declining Tuesday morning. Shares of Verizon Communications Inc. and JPMorgan Chase are contributing to the blue-chip gauge’s intraday decline, as the Dow was most recently trading 91 points (0.3%) lower. Verizon Communications Inc.’s shares have declined $0.49 (0.9%) while those of JPMorgan Chase have dropped $1.38 (0.8%), combining for an approximately 12-point drag on the Dow. IBM Johnson & Johnson and Goldman Sachs are also contributing significantly to the decline. A $1 move in any of the benchmark’s 30 components results in a 6.58-point swing.

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