Dow’s nearly 150-point drop led by losses for Salesforce, Cisco shares

Shares of Salesforce and Cisco are trading lower Friday afternoon, sending the Dow Jones Industrial Average into negative territory. Shares of Salesforce
CRM,
-1.83%
and Cisco
CSCO,
-1.46%
have contributed to the blue-chip gauge’s intraday decline, as the Dow
DJIA,
-0.43%
was most recently trading 145 points, or 0.4%, lower. Salesforce’s shares are off $4.05 (1.9%) while those of Cisco are down $0.75, or 1.5%, combining for an approximately 32-point drag on the Dow. Other components contributing significantly to the decline include Goldman Sachs
GS,
-1.29%,
Caterpillar
CAT,
-1.16%,
and Chevron
CVX,
-1.04%.
A $1 move in any of the Dow’s 30 components equates to a 6.59-point swing.