Microsoft, Salesforce and Apple cutting about 116 points off the Dow's price

microsoft,-salesforce-and-apple-cutting-about-116-points-off-the-dow's-price

The Dow Jones Industrial Average DJIA, -0.49% is rising 47 points, or 0.1%, to buck the selloff in the broader market, but it be up a lot more if it wasn’t for the blue-chip barometer’s biggest technology components. The biggest drag on the Dow is Microsoft Corp.’s stock MSFT, -4.23%, which is down $8.64, or 2.7%, followed by fellow software giant Salesforce.com Inc. shares CRM, -3.87%, which shed $7.22, or 3.0%. Throw in the $1.75, or 1.0%, drop in Apple Inc.’s stock AAPL, -1.90%, and those components were shaving a combined 116 points off the Dow’s price. Elsewhere, Cisco Systems Inc.’s stock CSCO, -1.00% slipped 30 cents, or 0.5%, but was just a 2-point drag on the Dow, while Intel Corp. shares INTC, -1.44% edged down 52 cents, or 0.9%, to cut 3 points off the Dow. Meanwhile, International Business Machines Corp.’s stock IBM, +0.88% was the Dow’s lone tech gainer and smallest tech component by market capitalization, rising $1.70, or 1.3%, to add about 11 points to the Dow.

Source: Marketwatch

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