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.

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