Merck, Walt Disney share gains contribute to Dow's 282-point jump

This post was originally published on this site

Shares of Merck and Walt Disney are posting strong returns Friday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow DJIA, +0.70% is trading 282 points higher (0.8%), as shares of Merck MRK, +9.53% and Walt Disney DIS, +3.56% have contributed around 25% of the index’s intraday rally. Merck’s shares are up $7.27 (9.7%) while those of Walt Disney have gained $6.17 (3.7%), combining for a roughly 88-point boost for the Dow. Other components contributing significantly to the gain include American Express AXP, +2.62%, IBM IBM, +2.14%, and Microsoft MSFT, +1.44%. A $1 move in any one of the 30 components of the Dow results in a 6.58-point swing.