Verizon, Nike share gains contribute to Dow’s 379-point rally

The Dow Jones Industrial Average is rallying Monday afternoon with shares of Verizon and Nike leading the way for the index. The Dow
DJIA,
+1.58%
was most recently trading 379 points (1.2%) higher, as shares of Verizon
VZ,
+3.53%
and Nike
NKE,
+3.91%
are contributing to the index’s intraday rally. Verizon’s shares have climbed $1.14, or 3.4%, while those of Nike have gained $2.77, or 2.8%, combining for a roughly 26-point bump for the Dow. Other components contributing significantly to the gain include Goldman Sachs
GS,
+3.76%,
McDonald’s
MCD,
+1.70%,
and Travelers
TRV,
+3.01%.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.