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Dragged down by losses for shares of IBM and Nike, the Dow Jones Industrial Average is down Tuesday afternoon. The Dow DJIA, -0.22% was most recently trading 94 points, or 0.3%, lower, as shares of IBM IBM, -2.66% and Nike NKE, -2.17% are contributing to the index’s intraday decline. IBM’s shares have fallen $3.90 (2.9%) while those of Nike are down $2.90, or 2.1%, combining for an approximately 45-point drag on the Dow. Other components contributing significantly to the decline include Johnson & Johnson JNJ, -1.48%, Procter & Gamble PG, -1.26%, and American Express AXP, -1.15%. A $1 move in any one of the 30 components of the index equates to a 6.58-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.