Salesforce Stock Sinks, Dragging the Dow and These ETFs With It
salesforce(CRM) Investopedia·2024-05-30 20:10
Key TakeawaysSalesforce stock was down 20% in trading late Thursday after the company delivered weak first-quarter earnings the day before.The drop in the CRM company was dragging on the broader index it's a part of, with the Dow Jones Industrial Average down roughly 300 points.Exchange-traded funds were also hurt, with the iShares Expanded Tech-Software Sector ETF off more than 5% due to a large Salesforce exposure. Salesforce (CRM) stock is on course for its worst one-day loss since 2004, hurting the Dow ...