Intel, Salesforce Inc. share losses lead Dow's 612-point fall

view original post

Behind losses for shares of Intel and Salesforce Inc., the Dow Jones Industrial Average is in a selloff Friday afternoon. Shares of Intel INTC, -6.31% and Salesforce Inc. CRM, -4.46% have contributed to the index’s intraday decline, as the Dow DJIA, -2.16% was most recently trading 612 points, or 1.8%, lower. Intel’s shares have dropped $3.00 (6.4%) while those of Salesforce Inc. are down $7.31, or 3.9%, combining for an approximately 68-point drag on the Dow. Other components contributing significantly to the decline include Verizon Communications Inc. VZ, -3.89%, Walgreens Boots WBA, -3.87%, and Microsoft MSFT, -3.44%. A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.