Dow down nearly 175 points on losses for shares of McDonald’s, Verizon

Behind declines for shares of McDonald’s and Verizon, the Dow Jones Industrial Average is falling Wednesday afternoon. The Dow
DJIA,
-0.20%
was most recently trading 172 points, or 0.5%, lower, as shares of McDonald’s
MCD,
-1.52%
and Verizon
VZ,
-1.79%
are contributing to the blue-chip gauge’s intraday decline. McDonald’s’s shares are down $4.98, or 1.9%, while those of Verizon have fallen $0.55, or 1.7%, combining for a roughly 36-point drag on the Dow. Procter & Gamble
PG,
-1.33%,
Merck
MRK,
-1.36%,
and Coca-Cola
KO,
-1.03%
are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.