By MarketWatch Automation
Dragged down by declines for shares of 3M and Verizon Communications Inc., the Dow Jones Industrial Average is declining Friday afternoon. Shares of 3M /zigman2/quotes/205029460/composite MMM +1.78% and Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ +2.19% are contributing to the index's intraday decline, as the Dow /zigman2/quotes/210598065/realtime DJIA +1.85% 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. /zigman2/quotes/205583690/composite HON +1.79% , Goldman Sachs /zigman2/quotes/209237603/composite GS -0.58% , and Merck /zigman2/quotes/209956077/composite MRK +1.33% 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.