Microsoft, Nike share losses contribute to Dow’s 119-point drop

Shares of Microsoft and Nike are posting losses Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Microsoft
MSFT,
-3.75%
and Nike
NKE,
-3.40%
are contributing to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.76%
was most recently trading 119 points (0.4%) lower. Microsoft’s shares are off $10.96 (3.2%) while those of Nike have fallen $3.15 (3.0%), combining for an approximately 93-point drag on the Dow. Other components contributing significantly to the decline include Apple
AAPL,
-2.46%,
Visa
V,
-2.35%,
and Cisco
CSCO,
-1.97%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.