Dow's 231-point drop led by losses for Verizon, Home Depot stocks

The Dow Jones Industrial Average is down Tuesday afternoon with shares of Verizon and Home Depot delivering the stiffest headwinds for the blue-chip average. Shares of Verizon
VZ,
-2.24%

and Home Depot
HD,
-1.71%

have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.01%

was most recently trading 231 points, or 0.7%, lower. Verizon’s shares have dropped $1.14, or 2.8%, while those of Home Depot are down $8.06, or 2.5%, combining for a roughly 61-point drag on the Dow. Also contributing significantly to the decline are Caterpillar
CAT,
-1.58%
,
Nike
NKE,
-0.93%
,
and Procter & Gamble
PG,
-1.14%
.
A $1 move in any of the index’s 30 components results in a 6.59-point swing.