Verizon Communications Inc., Intel share losses lead Dow's 180-point drop

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Shares of Verizon Communications Inc. and Intel are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Verizon Communications Inc. VZ, -6.74% and Intel INTC, -3.47% are contributing to the index’s intraday decline, as the Dow DJIA, -0.43% was most recently trading 180 points (0.6%) lower. Verizon Communications Inc.’s shares are down $3.46 (7.3%) while those of Intel are down $1.59 (3.9%), combining for an approximately 33-point drag on the Dow. Other components contributing significantly to the decline include Nike NKE, -2.24%, Salesforce Inc. CRM, -1.55%, and Microsoft MSFT, -1.69%. A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.