Dow flat despite losses for shares of 3M, Merck

Despite detrimental returns for shares of 3M and Merck, the Dow Jones Industrial Average is sort of flat Tuesday morning. Shares of 3M
MMM,
-5.26%
and Merck
MRK,
-1.86%
account for -20% of the blue-chip gauge’s intraday motion, because the Dow
DJIA,
-0.01%
was most not too long ago buying and selling 18 factors (0.1%) decrease. 3M’s shares have dropped $7.55, or 6.2%, whereas these of Merck have dropped $2.59 (2.4%), combining for an roughly 67-point drag on the Dow. A $1 transfer in any of the index’s 30 elements equates to a 6.59-point swing.

Editor’s Note: This story was auto-generated by Automated Insights, an automation expertise supplier, utilizing information from Dow Jones and FactSet. See our market information phrases of use.