Salesforce Decline Drags Dow Jones Lower on Tech Slump
CRM•Salesforce’s stock decline was the largest drag on the Dow Jones Industrial Average May 8, causing the blue-chip gauge to underperform peers. Losses in the tech component offset strength in energy and industrial shares, leaving the index lower on the day.
1. Salesforce Weighs on Dow Performance
Salesforce shares led declines among Dow components on May 8, marking the worst performance in the 30-stock index and contributing significantly to the session’s losses. Despite advances in energy and industrial names, the tech pullback represented by Salesforce was too large to overcome, resulting in a net downturn for the blue-chip gauge.
