Despite detrimental returns for shares of 3M and Merck, the Dow Jones Industrial Average is sort of flat Tuesday morning. Shares of 3M
account for -20% of the blue-chip gauge’s intraday motion, because the Dow
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.