Dow's 983-point fall led by losses for shares of Salesforce Inc., Nike

view original post

Shares of Salesforce Inc. and Nike are trading lower Thursday afternoon, leading the Dow Jones Industrial Average slump. The Dow DJIA, -3.80% was most recently trading 983 points (2.9%) lower, as shares of Salesforce Inc. CRM, -8.07% and Nike NKE, -7.28% are contributing to the index’s intraday decline. Salesforce Inc.’s shares are down $13.76, or 7.4%, while those of Nike are down $7.23 (5.7%), combining for an approximately 138-point drag on the Dow. Also contributing significantly to the decline are Apple Inc. AAPL, -6.40%, Home Depot HD, -6.03%, and Microsoft MSFT, -5.15%. A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.