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

This post was originally published on this site

The Dow Jones Industrial Average 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), which is down $8.64, or 2.7%, followed by fellow software giant Inc. shares (CRM), which shed $7.22, or 3.0%. Throw in the $1.75, or 1.0%, drop in Apple Inc.’s stock (AAPL), and those components were shaving a combined 116 points off the Dow’s price. Elsewhere, Cisco Systems Inc.’s stock (CSCO) slipped 30 cents, or 0.5%, but was just a 2-point drag on the Dow, while Intel Corp. shares (INTC) edged down 52 cents, or 0.9%, to cut 3 points off the Dow. Meanwhile, International Business Machines Corp.’s stock (IBM) 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.

-Tomi Kilgore


(END) Dow Jones Newswires

01-13-22 1401ET

Copyright (c) 2022 Dow Jones & Company, Inc.