Johnson & Johnson, Chevron share losses contribute to Dow’s almost 50-point drop

Shares of Johnson & Johnson and Chevron are posting losses Wednesday afternoon, dragging the Dow Jones Industrial Common into unfavorable territory. Shares of Johnson & Johnson
JNJ,
-1.32%
and Chevron
CVX,
-0.95%
have contributed to the index’s intraday decline, because the Dow
DJIA,
-0.09%
was most just lately buying and selling 41 factors (0.1%) decrease. Johnson & Johnson’s shares have dropped $2.05 (1.3%) whereas these of Chevron have fallen $1.90, or 1.1%, combining for a roughly 26-point drag on the Dow. Different elements contributing considerably to the decline embody Microsoft
MSFT,
-1.13%,
Visa
V,
-0.49%,
and American Categorical
AXP,
-0.36%.
A $1 transfer in any of the index’s 30 elements equates to a 6.59-point swing.