Dow rallies 414 points on gains for shares of Nike, Salesforce Inc.
Posted On May 13, 2022
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Shares of Nike and Salesforce Inc. are seeing strong returns Friday afternoon, leading the Dow Jones Industrial Average rally. The Dow DJIA, +0.59% was most recently trading 414 points higher (1.3%), as shares of Nike NKE, +3.39% and Salesforce Inc. CRM, +2.93% are contributing about 25% of the blue-chip gauge’s intraday rally. Nike’s shares have gained $4.36, or 4.0%, while those of Salesforce Inc. are up $6.44 (4.0%), combining for a roughly 71-point bump for the Dow. American Express AXP, +2.95%, Goldman Sachs GS, +1.83%, undefined Apple Inc. AAPL, +1.89% are also contributing significantly to the gain. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.