Shares of Chevron and Nike are trading lower Wednesday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Chevron
CVX,
-2.35%
and Nike
NKE,
-1.93%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.61%
was most recently trading 118 points lower (-0.3%). Chevron’s shares have fallen $4.10 (2.4%) while those of Nike are down $2.90, or 2.3%, combining for an approximately 46-point drag on the Dow. Other components contributing significantly to the decline include Intel
INTC,
-2.79%,
Apple
AAPL,
-1.77%,
and Cisco
CSCO,
-1.84%.
A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.