Markets

Dow’s 168-point fall led by losses for American Express, Salesforce stocks

1 Mins read

Shares of American Express and Salesforce are posting losses Friday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of American Express
AXP,
-4.98%
and Salesforce
CRM,
-2.38%
have contributed to the index’s intraday decline, as the Dow
DJIA,
-0.84%
was most recently trading 168 points, or 0.5%, lower. American Express’s shares have dropped $5.64, or 3.8%, while those of Salesforce are down $4.95 (2.4%), combining for an approximately 70-point drag on the Dow. Other components contributing significantly to the decline include JPMorgan Chase
JPM,
-1.63%,
Microsoft
MSFT,
-1.37%,
and Caterpillar
CAT,
-1.11%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.

Read the full article here

Related posts
Markets

This 6.5% Dividend Will Go From Cheap To Pricey

3 Mins read
With the S&P 500 up double-digits this year, the media is at it again—cranking up worries that we’re headed for another crash….
Markets

Global platinum market on track to post largest supply deficit on record

3 Mins read
The global supply of platinum is expected to significantly fall short of demand this year, with the World Platinum Investment Council forecasting…
Markets

Powell Warns It’s ‘Premature’ To Discuss Interest Rate Cuts—Despite Market’s Newfound Optimism

1 Mins read
Topline Federal Reserve Chairman Jerome Powell said Friday it’s too early for the Fed to declare victory in its war on inflation…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *