Dow jumps 38 points on gains in shares of Merck, Johnson & Johnson

Shares of Merck and Johnson & Johnson are seeing strong returns Thursday afternoon, lifting the Dow Jones Industrial Average into positive territory. Shares of Merck
MRK,
+2.16%

and Johnson & Johnson
JNJ,
+2.00%

have contributed to the blue-chip gauge’s intraday rally, as the Dow
DJIA,
-0.05%

was most recently trading 38 points higher (0.1%). Merck’s shares have climbed $2.07 (2.4%) while those of Johnson & Johnson are up $3.65, or 2.3%, combining for a roughly 38-point bump for the Dow. Also contributing significantly to the gain are Amgen Inc.
AMGN,
+1.73%
,
McDonald’s
MCD,
+1.24%
,
and Walmart
WMT,
+1.40%
.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.

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