Dow falls 137 points on losses for Verizon Communications Inc., Intel stocks

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Behind losses for shares of Verizon Communications Inc. and Intel, the Dow Jones Industrial Average is declining Friday afternoon. Shares of Verizon Communications Inc. VZ, -6.74% and Intel INTC, -3.47% are contributing to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.43% was most recently trading 137 points (0.4%) lower. Verizon Communications Inc.’s shares have dropped $3.54, or 7.4%, while those of Intel are off $1.40 (3.4%), combining for an approximately 32-point drag on the Dow. Also contributing significantly to the decline are Nike NKE, -2.24%, Microsoft MSFT, -1.69%, and Boeing BA, -2.01%. A $1 move in any of the Dow’s 30 components results in a 6.59-point swing.