Dow jumps nearly 50 points on gains in shares of Microsoft, Nike

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Powered by positive momentum for shares of Microsoft and Nike, the Dow Jones Industrial Average is climbing Wednesday morning. The Dow DJIA, +0.19% was most recently trading 42 points (0.1%) higher, as shares of Microsoft MSFT, +1.63% and Nike NKE, +1.05% have contributed to the index’s intraday rally. Microsoft’s shares have risen $5.19 (1.7%) while those of Nike have gained $1.80 (1.2%), combining for a roughly 46-point bump for the Dow. Other components contributing significantly to the gain include Inc. CRM, +1.28%, Home Depot HD, +0.64%, and Boeing BA, +0.77%. A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing.