3M, Nike share gains contribute to Dow's 468-point rally

Buoyed by strong returns for shares of 3M and Nike, the Dow Jones Industrial Average is rallying Wednesday afternoon. Shares of 3M
MMM,
+3.39%

and Nike
NKE,
+3.15%

have contributed to the index’s intraday rally, as the Dow
DJIA,
+1.40%

is trading 468 points higher (1.5%). 3M’s shares are up $4.36, or 3.7%, while those of Nike have gained $3.07, or 2.9%, combining for a roughly 49-point bump for the Dow. Also contributing significantly to the gain are Home Depot
HD,
+2.79%
,
American Express
AXP,
+2.47%
,
and Walmart
WMT,
+2.61%
.
A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

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