Dow falls 265 points on losses for Caterpillar, Walt Disney stocks

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Shares of Caterpillar and Walt Disney are posting losses Wednesday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.64% was most recently trading 265 points (0.9%) lower, as shares of Caterpillar CAT, -2.30% and Walt Disney DIS, -1.59% are contributing to the index’s intraday decline. Caterpillar’s shares are down $4.08, or 2.3%, while those of Walt Disney are off $2.33, or 2.2%, combining for a roughly 42-point drag on the Dow. Verizon Communications Inc. VZ, -1.93%, Visa V, -1.52%, and JPMorgan Chase JPM, -1.65% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

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