American Express, Verizon share losses contribute to Dow's nearly 150-point drop

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Behind negative returns for shares of American Express and Verizon, the Dow Jones Industrial Average is down Thursday morning. Shares of American Express and Verizon are contributing to the blue-chip gauge’s intraday decline, as the Dow 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 Dow and Chevron A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.

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