Dow's nearly 500-point rally highlighted by gains in shares of Merck, Walt Disney

logo, company name © Marketwatch


Behind strong returns for shares of Merck and Walt Disney, the Dow Jones Industrial Average is rallying Friday afternoon. Shares of Merck and Walt Disney are contributing to the index’s intraday rally, as the Dow is trading 493 points, or 1.5%, higher. Merck’s shares are up $7.53 (10.0%) while those of Walt Disney are up $7.56, or 4.5%, combining for an approximately 99-point boost for the Dow. Also contributing significantly to the gain are American Express IBM and Visa A $1 move in any of the Dow’s 30 components equates to a 6.58-point swing.

Continue Reading