The Dow would likely be having its worst day in December if not for Disney’s stock surge

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The Dow Jones Industrial Average was trading firmly lower Friday afternoon but it would be worse were if not for shares of Walt Disney & Co. , which was on track for its best day since March 24, according to FactSet data. Disney’s shares were currently up about 13%, or around $20 higher, which translates to a roughly 136-point contribution to the price-weighted Dow . Disney’s gains on Friday come as the entertainment giant said it was upping its digital streaming offerings, making it one of only a handful of companies trading higher within the Dow on the session. If Disney were trading in step with the other winners in the Dow, it would translate to a roughly 130-point point reduction in the index, which would add to its current 130-point skid, placing near the worst one-day decline since Nov. 30 when the index fell over 270 points. The divisor for the Dow is 0.15198707565833. That means that a $1 change in a component would result in a change of 6.58-point swing.
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