Shares of IBM and Apple are posting losses Thursday afternoon, sending the Dow Jones Industrial Average into a slump. Shares of IBM IBM and Apple AAPL have contributed to the index’s intraday decline, as the Dow DJIA was most recently trading 894 points, or 2.6%, lower. IBM’s shares have dropped $7.00 (4.7%) while those of Apple have dropped $5.95 (4.2%), combining for an approximately 85-point drag on the Dow. Also contributing significantly to the decline are Walt Disney DIS, Intel INTC, and American Express AXP. A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.
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