Johnson & Johnson, McDonald's share gains contribute to Dow's nearly 75-point climb

Led by strong returns for shares of Johnson & Johnson and McDonald’s, the Dow Jones Industrial Average is climbing Wednesday afternoon. Shares of Johnson & Johnson JNJ, -0.60% and McDonald’s MCD, -0.10% are contributing to the blue-chip gauge’s intraday rally, as the Dow DJIA, -0.52% is trading 74 points (0.3%) higher. Johnson & Johnson’s shares have risen $3.50, or 2.7%, while those of McDonald’s are up $3.61 (1.9%), combining for an approximately 48-point bump for the Dow. Other components contributing significantly to the gain include United Technologies UTX, -0.18%, Merck MRK, +0.51%, and Verizon Communications Inc. VZ, -0.58%. A $1 move in any one of the 30 components of the Dow results in a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

More from MarketWatch

Read More Here...

Bookmark the permalink.

Comments are closed.