Dow's nearly 50-point drop led by losses for Walt Disney, Cisco stocks

The Dow Jones Industrial Average is declining Friday afternoon with shares of Walt Disney and Cisco delivering the stiffest headwinds for the index. The Dow DJIA, -0.02% was most recently trading 42 points (0.1%) lower, as shares of Walt Disney DIS, -1.46% and Cisco CSCO, -1.08% are contributing to the blue-chip gauge’s intraday decline. Walt Disney’s shares have declined $1.66 (1.5%) while those of Cisco have declined $0.56, or 1.2%, combining for an approximately 15-point drag on the Dow. Boeing BA, -1.06%, Intel INTC, -0.91%, and Coca-Cola KO, -0.76% are also contributing significantly to the decline. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.