Behind negative returns for shares of American Express and Verizon, the Dow Jones Industrial Average is down Thursday morning. Shares of American Express
AXP,
-1.47%
and Verizon
VZ,
-3.96%
are contributing to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.40%
was most recently trading 149 points (0.4%) lower. American Express’s shares are down $7.22 (4.4%) while those of Verizon are off $1.23, or 3.2%, combining for an approximately 56-point drag on the Dow. Other components contributing significantly to the decline include Cisco
CSCO,
-2.49%,
Dow
DOW,
-1.47%,
and Chevron
CVX,
-0.73%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.