Dow down nearly 250 points on losses for Salesforce.com Inc., Microsoft stocks
Dragged down by declines for shares of Salesforce.com Inc. and Microsoft, the Dow Jones Industrial Average is falling Wednesday afternoon. Shares of Salesforce.com Inc. CRM, 1.84% and Microsoft MSFT, 0.20% are contributing to the index’s intraday decline, as the Dow DJIA, -0.28% was most recently trading 243 points, or 0.7%, lower. Salesforce.com Inc.’s shares are down $19.85, or 8.0%, while those of Microsoft are off $10.17 (3.1%), combining for an approximately 198-point drag on the Dow. Also contributing significantly to the decline are Nike NKE, -0.37%, Apple Inc. AAPL, -0.86%, and Goldman Sachs GS, -2.15%. A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.