Dow falls nearly 50 points on losses in shares of Home Depot, Nike

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Shares of Home Depot and Nike are seeing declines Monday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of Home Depot HD, -2.50% and Nike NKE, -1.79% are contributing to the index’s intraday decline, as the Dow DJIA, +0.13% was most recently trading 49 points lower (-0.1%). Home Depot’s shares have declined $10.55 (2.5%) while those of Nike are down $3.23 (1.9%), combining for a roughly 91-point drag on the Dow. Also contributing significantly to the decline are Procter & Gamble PG, -1.36%, UnitedHealth UNH, -1.44%, and Microsoft MSFT, -1.35%. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.