Dow rallies 150 points on gains in Merck, JPMorgan Chase shares

The Dow Jones Industrial Average is climbing Thursday afternoon with shares of Merck and JPMorgan Chase seeing positive growth for the blue-chip average. The Dow
DJIA,
+0.30%
is trading 150 points (0.4%) higher, as shares of Merck
MRK,
-0.19%
and JPMorgan Chase
JPM,
-0.94%
are contributing to the index’s intraday rally. Merck’s shares are up $2.47 (2.2%) while those of JPMorgan Chase have gained $2.54 (1.5%), combining for a roughly 33-point boost for the Dow. Other components contributing significantly to the gain include Travelers
TRV,
-0.63%,
Caterpillar
CAT,
+0.99%,
and Boeing
BA,
-6.49%.
A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing.