Dow climbs 313 points on gains in IBM, Procter & Gamble stocks

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Powered by positive momentum for shares of IBM and Procter & Gamble, the Dow Jones Industrial Average is climbing Wednesday afternoon. Shares of IBM IBM, +6.98% and Procter & Gamble PG, +2.77% have contributed around 25% of the blue-chip gauge’s intraday rally, as the Dow DJIA, +0.72% is trading 313 points (0.9%) higher. IBM’s shares are up $9.09, or 7.0%, while those of Procter & Gamble have climbed $4.76 (3.0%), combining for a roughly 91-point bump for the Dow. Other components contributing significantly to the gain include Cisco CSCO, +2.25%, Home Depot HD, +2.46%, and Walgreens Boots WBA, +2.05%. A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.