Dow's 185-point drop led by losses in Nike, Inc. stocks

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Shares of Nike and Inc. are seeing declines Wednesday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.63% was most recently trading 185 points, or 0.5%, lower, as shares of Nike NKE, -3.46% and Inc. CRM, -3.20% have contributed to the index’s intraday decline. Nike’s shares are down $5.88, or 3.4%, while those of Inc. are down $8.77, or 2.8%, combining for an approximately 97-point drag on the Dow. Chevron CVX, -1.85%, Microsoft MSFT, -1.76%, and Apple Inc. AAPL, -1.62% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.