January 5, 2023

Dow's 270-point drop led by losses for Walgreens Boots, Salesforce stocks

Shares of Walgreens Boots and Salesforce are trading lower Thursday morning, sending the Dow Jones Industrial Average into negative territory. Shares of Walgreens Boots
WBA,
-7.62%
and Salesforce
CRM,
-2.66%
are contributing to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-1.16%
was most recently trading 270 points, or 0.8%, lower. Walgreens Boots’s shares have dropped $2.56 (6.8%) while those of Salesforce have fallen $3.76 (2.7%), combining for an approximately 42-point drag on the Dow. Other components contributing significantly to the decline include UnitedHealth
UNH,
-2.62%,
Microsoft
MSFT,
-2.53%,
and American Express
AXP,
-2.12%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.

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