April 19, 2023

Cisco, Walt Disney share losses contribute to Dow's 150-point fall

DOW UPDATE

Shares of Cisco and Walt Disney are retreating Wednesday morning, sending the Dow Jones Industrial Average into negative territory. Shares of Cisco and Walt Disney have contributed to the blue-chip gauge’s intraday decline, as the Dow was most recently trading 149 points lower (-0.4%). Cisco’s shares have fallen $1.79 (3.6%) while those of Walt Disney are off $2.35, or 2.3%, combining for an approximately 27-point drag on the Dow. UnitedHealth IBM and Walgreens Boots are also contributing significantly to the decline. A $1 move in any of the benchmark’s 30 components results in a 6.59-point swing.

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