Dow down 88 points on losses for shares of Verizon, McDonald’s

Dragged down by declines for shares of Verizon and McDonald’s, the Dow Jones Industrial Average is falling Wednesday afternoon. The Dow
DJIA,
-0.20%
was most recently trading 88 points (0.3%) lower, as shares of Verizon
VZ,
-1.79%
and McDonald’s
MCD,
-1.52%
are contributing to the blue-chip gauge’s intraday decline. Verizon’s shares are down $0.54 (1.6%) while those of McDonald’s are down $4.10 (1.5%), combining for an approximately 31-point drag on the Dow. Other components contributing significantly to the decline include Procter & Gamble
PG,
-1.33%,
Merck
MRK,
-1.36%,
and Apple
AAPL,
-0.89%.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.