The Dow Jones Industrial Average was trading firmly lower Thursday as investors sold stocks amid doubts about tax reform occurring soon, but the biggest weight on the benchmark were shares of McDonald’s Corp. Shares of the fast-food chain were cutting more than 20 points from the price-weighted Dow . McDonald’s stock was down 1.8%, or $3.10, in recent trade. A $1 move in any one of the Dow’s components translates to a swing of 6.89 points. The slide in McDonald’s, along with shares of United Technologies Corp. 3M Co. and Boeing Co. were combining to push the Dow down the most in a single day, down 160 points, or 0.7%, at 23,405, since Sept. 5 and snap a seven-session climb in the blue-chip gauge. Meanwhile, the S&P 500 index retreated 0.7% at 2,577, threatening its worst slump in two months and the Nasdaq Composite Index was off 0.9% at 6.725.
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