Dow's nearly 400-point drop led by losses for Microsoft, Boeing shares

view original post

Dragged down by negative returns for shares of Microsoft and Boeing, the Dow Jones Industrial Average is in selloff mode Wednesday morning. Shares of Microsoft MSFT and Boeing BA have contributed to the index’s intraday decline, as the Dow DJIA was most recently trading 399 points (1.2%) lower. Microsoft’s shares have dropped $7.52 (3.1%) while those of Boeing have declined $5.54, or 2.6%, combining for a roughly 86-point drag on the Dow. Other components contributing significantly to the decline include Apple AAPL, Intel INTC, and Salesforce CRM. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point…