IBM and Salesforce Lead Dow Down More Than 350 Points [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
U.S. stock indexes fell in morning trading, with Salesforce and IBM weighing heavily on the Dow Jones Industrial Average, according to market data. The Dow traded about 348 points lower, a decline of 0.8%. Shares of Salesforce ( NYSE:CRM ) slid roughly 4%, while IBM ( NYSE:IBM ) fell 3%, combining for an approximately 92-point drag on the benchmark. Warning! GuruFocus has detected 5 Warning Signs with CRWV. Is CRM fairly valued? Test your thesis with our free DCF calculator. Other Dow components also contributed to the decline. Home Depot (HD), Boeing (BA) and Microsoft (MSFT) each traded lower, adding to the index's losses. A $1 move in any of the Dow's 30 components equates to a 6.16-point swing in the price-weighted average. The index's decline was broad-based in early afternoon trading. Recommended Stories
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