3M, Nike share gains contribute to Dow's 385-point rally

Powered by positive momentum for shares of 3M and Nike, the Dow Jones Industrial Average is rallying Wednesday afternoon. The Dow
DJIA,
+1.45%

is trading 385 points, or 1.2%, higher, as shares of 3M
MMM,
+3.56%

and Nike
NKE,
+2.47%

are contributing to the blue-chip gauge’s intraday rally. 3M’s shares are up $4.01 (3.4%) while those of Nike are up $2.43, or 2.3%, combining for a roughly 42-point bump for the Dow. Also contributing significantly to the gain are Home Depot
HD,
+2.42%
,
Walmart
WMT,
+2.39%
,
and Walgreens Boots
WBA,
+2.19%
.
A $1 move in any one of the 30 components of the benchmark equates to a 6.59-point swing.

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