Dow drops nearly 200 points on losses for shares of Boeing, Salesforce Inc.

Behind declines for shares of Boeing and Salesforce Inc., the Dow Jones Industrial Average is declining Friday afternoon. The Dow
DJIA,
-0.55%
was most recently trading 193 points (0.6%) lower, as shares of Boeing
BA,
-3.17%
and Salesforce Inc.
CRM,
-2.83%
have contributed to the blue-chip gauge’s intraday decline. Boeing’s shares are off $5.37 (3.2%) while those of Salesforce Inc. are off $5.51, or 2.9%, combining for a roughly 72-point drag on the Dow. Other components contributing significantly to the decline include JPMorgan Chase
JPM,
-2.40%,
Walt Disney
DIS,
-1.90%,
and Intel
INTC,
-2.06%.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.

August 19, 2022 admin

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