By MarketWatch Automation
Dragged down by losses for shares of IBM and Nike, the Dow Jones Industrial Average is down Tuesday afternoon. The Dow /zigman2/quotes/210598065/realtime DJIA +0.66% was most recently trading 94 points, or 0.3%, lower, as shares of IBM /zigman2/quotes/203856914/composite IBM -0.90% and Nike /zigman2/quotes/203439053/composite NKE +3.24% 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 /zigman2/quotes/201724570/composite JNJ +0.45% , Procter & Gamble /zigman2/quotes/202894679/composite PG +0.0074% , and American Express /zigman2/quotes/203805826/composite AXP +1.34% . A $1 move in any one of the 30 components of the index equates to a 6.58-point swing.