Salesforce’s stock selloff can be blamed for Dow futures trading lower

Shares of Salesforce Inc. CRM slumped 6.3% in premarket trading in the wake of the customer-relationship-management software company’s fiscal first-quarter report, which was enough to push futures YM00 for the Dow Jones Industrial Average DJIA into the red. The implied price decline for the stock would shave about 92 points off the Dow’s price. Meanwhile, Dow futures fell 22 points, or 0.1%, ahead of the open, while futures ES00 for the S&P 500 SPX rose 0.

3% in premarket trading in the wake of the customer-relationship-management software company’s fiscal first-quarter report, which was enough to push futures YM00 for the Dow Jones Industrial Average DJIA into the red. The implied price decline for the stock would shave about 92 points off the Dow’s price. Meanwhile, Dow futures fell 22 points, or 0.1%, ahead of the open, while futures ES00 for the S&P 500 SPX rose 0.1% and futures NQ00 for the Nasdaq 100 NDX edged up less than 0.1%.

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