Inc., Nike share losses lead Dow's 275-point drop

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Video: S&P 500, Dow close at new highs as Facebook starts heavy earnings week (Reuters)

Dragged down by negative returns for shares of Inc. and Nike, the Dow Jones Industrial Average is declining Wednesday afternoon. The Dow was most recently trading 279 points (0.8%) lower, as shares of Inc. and Nike are contributing to the blue-chip gauge’s intraday decline. Inc.’s shares have fallen $11.29, or 3.7%, while those of Nike have declined $6.07, or 3.5%, combining for an approximately 114-point drag on the Dow. Also contributing significantly to the decline are Goldman Sachs Apple Inc. and Chevron A $1 move in any one of the 30 components of the index results in a 6.59-point swing.

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