Johnson & Johnson, Chevron share losses lead Dow's 261-point drop

Dragged down by negative returns for shares of Johnson & Johnson and Chevron, the Dow Jones Industrial Average is declining Monday afternoon. The Dow
DJIA,
-0.77%

was most recently trading 261 points lower (-0.8%), as shares of Johnson & Johnson
JNJ,
-3.70%

and Chevron
CVX,
-2.93%

are contributing to the index’s intraday decline. Johnson & Johnson’s shares are down $6.61 (3.9%) while those of Chevron have fallen $5.61 (3.1%), combining for an approximately 81-point drag on the Dow. Microsoft
MSFT,
-2.20%
,
Apple
AAPL,
-2.01%
,
and 3M
MMM,
-2.32%

are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.