Dow’s 270-point fall led by losses in shares of Walgreens Boots, Johnson & Johnson

The Dow Jones Industrial Average is falling Wednesday afternoon with shares of Walgreens Boots and Johnson & Johnson facing the biggest declines for the index. Shares of Walgreens Boots
WBA,
-0.52%
and Johnson & Johnson
JNJ,
-1.20%
are contributing to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.20%
was most recently trading 270 points lower (-0.8%). Walgreens Boots’s shares have fallen $0.51, or 2.4%, while those of Johnson & Johnson are off $3.31 (2.1%), combining for an approximately 25-point drag on the Dow. Also contributing significantly to the decline are Merck
MRK,
-1.38%,
Verizon
VZ,
-1.79%,
and McDonald’s
MCD,
-1.52%.
A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.