Dow Flat Despite Losses For Shares Of Verizon, Cisco
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The Dow Jones Industrial Average is relatively flat Friday morning with shares of Verizon and Cisco facing the biggest setback for the blue-chip average. The Dow was most recently trading 28 points, or 0.1%, lower, as shares of Verizon (VZ) and Cisco (CSCO) are contributing -2% of the blue-chip gauge's intraday movement. Verizon's shares have declined $0.49 (1.2%) while those of Cisco are down $0.57 (1.2%), combining for a roughly 7-point drag on the Dow. A $1 move in any of the index's 30 components results in a 6.59-point swing.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2023.
(END) Dow Jones Newswires
January 20, 2023 09:46 ET (14:46 GMT)
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