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Dragged down by declines for shares of 3M and Verizon Communications Inc., the Dow Jones Industrial Average is declining Friday afternoon. Shares of 3M MMM, -2.32% and Verizon Communications Inc. VZ, -1.92% are contributing to the index’s intraday decline, as the Dow DJIA, -0.65% was most recently trading 171 points (0.6%) lower. 3M’s shares have dropped $3.69, or 2.2%, while those of Verizon Communications Inc. have fallen $1.16, or 2.0%, combining for an approximately 32-point drag on the Dow. Honeywell International Inc. HON, -2.01%, Goldman Sachs GS, -2.14%, and Merck MRK, -1.57% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the benchmark results in a 6.58-point swing.