Nike, Verizon share gains contribute to Dow’s 550-point rally

Behind positive gains for shares of Nike and Verizon, the Dow Jones Industrial Average is rallying Monday afternoon. Shares of Nike
NKE,
+3.69%
and Verizon
VZ,
+3.84%
have contributed to the index’s intraday rally, as the Dow
DJIA,
+1.69%
was most recently trading 557 points, or 1.7%, higher. Nike’s shares are up $3.86, or 3.9%, while those of Verizon have climbed $1.30, or 3.9%, combining for an approximately 34-point bump for the Dow. Also contributing significantly to the gain are Goldman Sachs
GS,
+3.78%,
Travelers
TRV,
+3.03%,
and McDonald’s
MCD,
+2.31%.
A $1 move in any one of the 30 components of the index results in a 6.59-point swing.

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