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Home Markets

Dow’s nearly 175-point jump led by gains in shares of IBM, Salesforce

by author
October 20, 2022
in Markets
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Buoyed by positive gains for shares of IBM and Salesforce, the Dow Jones Industrial Average is climbing Thursday afternoon. The Dow
DJIA,
+0.45%
was most recently trading 172 points higher (0.6%), as shares of IBM
IBM,
+4.20%
and Salesforce
CRM,
+3.49%
have contributed about 25% of the index’s intraday rally. IBM’s shares have climbed $5.00 (4.1%) while those of Salesforce have climbed $6.02, or 3.9%, combining for an approximately 73-point bump for the Dow. Other components contributing significantly to the gain include Dow
DOW,
+2.84%,
Boeing
BA,
+1.98%,
and Verizon
VZ,
+1.27%.
A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Tags: Applications Softwarearticle_normalBusiness/Consumer ServicesComputer ServicesComputers/Consumer ElectronicsComputingCustomer Relationship Management SoftwareEnterprise Management SoftwareSoftwareTechnology
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