Shares of Cisco and Nike drag down the Dow Jones Industrial Average

  • Dow Jones Industrial Average drops 136 points
  • Shares of Cisco and Nike contribute to the decline
  • Other components like IBM, Microsoft, and Salesforce also down
  • Each $1 move in Dow components equals a 6.59-point swing

Shares of Cisco and Nike are trading lower, leading to a 136-point drop in the Dow Jones Industrial Average. Cisco’s shares are down 3.5%, while Nike’s shares are down 2.3%, contributing to a roughly 28-point decline in the Dow. Other components like IBM, Microsoft, and Salesforce are also down, further adding to the negative performance. Each $1 move in any of the Dow’s 30 components results in a 6.59-point swing. Overall, the Dow is experiencing a decline due to losses in shares of Cisco and Nike, as well as other contributing factors.

Public Companies: Cisco (CSCO), Nike (NKE), IBM (IBM), Microsoft (MSFT), Salesforce (CRM)
Private Companies:
Key People:

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Factuality Level: 8
Justification: The article provides factual information about the decline in shares of Cisco and Nike, as well as their impact on the Dow Jones Industrial Average. The information is sourced from Dow Jones and FactSet. However, the article does not provide any analysis or context beyond the basic facts.

Noise Level: 2
Justification: The article provides straightforward information about the decline in shares of Cisco and Nike, and how it is affecting the Dow Jones Industrial Average. It includes specific numbers and percentages to support its claims. However, it lacks in-depth analysis, actionable insights, and does not explore the consequences of the decline on those who bear the risks.

Financial Relevance: Yes
Financial Markets Impacted: Shares of Cisco and Nike

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial markets as it discusses the decline in shares of Cisco and Nike, which has contributed to the negative territory of the Dow Jones Industrial Average.

Reported publicly: www.marketwatch.com