Dow’s 100-point drop led by losses for UnitedHealth, Merck stocks

Behind negative returns for shares of UnitedHealth and Merck, the Dow Jones Industrial Average is trading down Tuesday afternoon. The Dow
DJIA,
+0.03%
was most recently trading 106 points lower (-0.3%), as shares of UnitedHealth
UNH,
-2.13%
and Merck
MRK,
-2.74%
have contributed to the blue-chip gauge’s intraday decline. UnitedHealth’s shares are off $14.28, or 2.9%, while those of Merck have dropped $3.23, or 2.9%, combining for an approximately 115-point drag on the Dow. Other components contributing significantly to the decline include Nike
NKE,
+0.94%,
McDonald’s
MCD,
-1.35%,
and Procter & Gamble
PG,
-0.99%.
A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing.