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Down Day for Markets & Salesforce’s Slump 5/30/24 episode artwork

EPISODE · May 30, 2024 · 41 MIN

Down Day for Markets & Salesforce’s Slump 5/30/24

from Power Lunch · host CNBC

It's another down day for the markets. The Dow is now off nearly 2,000 points in the two weeks since closing above 40,000 for the first time. But today's losses are all about Salesforce. That stock is down $55/share, accounting for about 350 points on the Dow, and weighing a lot on software and cyber security names including CrowdStrike, MongoDB, and Adobe. But if you look more broadly, 9 of the 11 S&P 500 sectors are higher, led by Real Estate and Utilities. We’ll dive into all of today’s market action and more, ahead.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

It's another down day for the markets. The Dow is now off nearly 2,000 points in the two weeks since closing above 40,000 for the first time. But today's losses are all about Salesforce. That stock is down $55/share, accounting for about 350 points on the Dow, and weighing a lot on software and cyber security names including CrowdStrike, MongoDB, and Adobe. But if you look more broadly, 9 of the 11 S&P 500 sectors are higher, led by Real Estate and Utilities. We’ll dive into all of today’s market action and more, ahead.

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Down Day for Markets & Salesforce’s Slump 5/30/24

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How long is this episode of Power Lunch?

This episode is 41 minutes long.

When was this Power Lunch episode published?

This episode was published on May 30, 2024.

What is this episode about?

It's another down day for the markets. The Dow is now off nearly 2,000 points in the two weeks since closing above 40,000 for the first time. But today's losses are all about Salesforce. That stock is down $55/share, accounting for about 350 points...

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