Shares of Walt Disney Co. DIS, -5.55% sank 4.5% in premarket trading Wednesday, after the media and entertainment giant reported disappointing fiscal third-quarter results, to act as the biggest drag on the Dow Jones Industrial Average DJIA, -1.82% futures prices ahead of the open. Disney’s stock price decline would shave about 43 points off the Dow’s price, while Dow futures were down 138 points, with 26 of the Dow’s 30 components trading lower premarket. Among other the other biggest decliners, shares of Travelers Companies Inc. TRV, -1.02% lost 2.2%, United Technologies Corp. UTX, -2.14% dropped 1.8% and J.P. Morgan Chase & Co. JPM, -3.33% shed 1.8%.
Disney's stock the biggest drag on the Dow, would shave more than 40 points off the Dow's price
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