Stocks of Nike and Verizon drag down the Dow
- Dow Jones Industrial Average down nearly 150 points
- Losses for Nike and Verizon stocks contribute to decline
- Other companies like Amgen, Boeing, and Walgreens also contribute to the decline
- Each $1 move in any of the 30 components of the index equals a 6.59-point swing
The Dow Jones Industrial Average is trading down nearly 150 points on Friday morning, primarily due to losses in shares of Nike and Verizon. Nike’s shares are down 3.3%, while Verizon’s shares are down 1.5%, resulting in a combined 27-point drag on the Dow. Other companies like Amgen, Boeing, and Walgreens are also contributing to the decline. It’s important to note that each $1 move in any of the 30 components of the index equals a 6.59-point swing.
Factuality Level: 10
Factuality Justification: The article provides factual information about the performance of the Dow Jones Industrial Average and the contributing factors to its decline. It includes specific details about the losses of individual companies and their impact on the index. The article also discloses that it was auto-generated by Automated Insights using data from Dow Jones and FactSet.
Noise Level: 2
Noise Justification: The article is primarily focused on reporting the current trading status of the Dow Jones Industrial Average and the performance of specific stocks. It provides relevant information about the contributing factors to the decline, such as the losses for Nike, Verizon, Amgen, Boeing, and Walgreens Boots. The article also mentions the calculation of the point swing in the index. However, it lacks in-depth analysis, antifragility considerations, accountability, scientific rigor, and actionable insights. Overall, it is a straightforward market update with minimal noise.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Nike and Verizon
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the performance of the Dow Jones Industrial Average and the impact of specific companies’ shares on the index. There is no mention of an extreme event or any significant impact rating.
Public Companies: Nike (NKE), Verizon (VZ), Amgen (AMGN), Boeing (BA), Walgreens Boots (WBA)
Key People:
Reported publicly:
www.marketwatch.com 
