Dow flat despite losses for shares of 3M, Merck

Despite negative returns for shares of 3M and Merck, the Dow Jones Industrial Average is nearly flat Tuesday morning. Shares of 3M
MMM,
-5.96%
and Merck
MRK,
-2.15%
account for -20% of the blue-chip gauge’s intraday movement, as the Dow
DJIA,
+0.06%
was most recently trading 18 points (0.1%) lower. 3M’s shares have dropped $7.55, or 6.2%, while those of Merck have dropped $2.59 (2.4%), combining for an approximately 67-point drag on the Dow. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.

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