Dow down nearly 250 points on losses for Inc., Microsoft stocks

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Dragged down by declines for shares of Inc. and Microsoft, the Dow Jones Industrial Average is falling Wednesday afternoon. Shares of Inc. CRM, -8.27% and Microsoft MSFT, -3.84% are contributing to the index’s intraday decline, as the Dow DJIA, -1.07% was most recently trading 243 points, or 0.7%, lower. Inc.’s shares are down $19.85, or 8.0%, while those of Microsoft are off $10.17 (3.1%), combining for an approximately 198-point drag on the Dow. Also contributing significantly to the decline are Nike NKE, -2.47%, Apple Inc. AAPL, -2.66%, and Goldman Sachs GS, -2.15%. A $1 move in any of the benchmark’s 30 components equates to a 6.59-point swing.