Stocks

Dow jumps 50 points on gains in Johnson & Johnson, Merck stocks

Buoyed by positive momentum for shares of Johnson & Johnson and Merck, the Dow Jones Industrial Average is climbing Wednesday afternoon. The Dow
DJIA,
+0.24%

is trading 54 points higher (0.2%), as shares of Johnson & Johnson
JNJ,
+2.04%

and Merck
MRK,
+1.92%

are contributing to the blue-chip gauge’s intraday rally. Johnson & Johnson’s shares have risen $4.51 (2.6%) while those of Merck have risen $2.12 (2.4%), combining for an approximately 44-point boost for the Dow. McDonald’s
MCD,
+1.86%
,
Procter & Gamble
PG,
+1.77%
,
and Salesforce Inc.
CRM,
+1.62%

are also contributing significantly to the gain. A $1 move in any of the benchmark’s 30 components results in a 6.59-point swing.

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