Shares of Procter & Gamble and UnitedHealth are retreating Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow
DJIA,
was most recently trading 85 points lower (-0.3%), as shares of Procter & Gamble
PG,
and UnitedHealth
UNH,
have contributed to the blue-chip gauge’s intraday decline. Procter & Gamble’s shares have dropped $3.39, or 2.2%, while those of UnitedHealth have fallen $9.14 (1.9%), combining for a roughly 83-point drag on the Dow. Also contributing significantly to the decline are Merck
MRK,
Amgen
AMGN,
and Walgreens Boots
WBA,
A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing.
Read the full article here