Dow down nearly 200 points on losses for shares of Chevron, Verizon

Shares of Chevron and Verizon are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow
DJIA,
-1.12%
was most recently trading 194 points, or 0.6%, lower, as shares of Chevron
CVX,
-6.72%
and Verizon
VZ,
-2.99%
have contributed to the blue-chip gauge’s intraday decline. Chevron’s shares are off $9.14, or 5.9%, while those of Verizon have declined $0.89 (2.6%), combining for an approximately 66-point drag on the Dow. JPMorgan Chase
JPM,
-3.60%,
Merck
MRK,
-2.59%,
and Johnson & Johnson
JNJ,
-2.28%
are also contributing significantly to the decline. A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.