Dow's 100-point Drop Led By Losses In Shares Of Salesforce, Boeing

Power Corporation of Canada

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Financials : Insurance | Large Cap Value
Based in Canada

Company profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company’s reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Dow's 100-point Drop Led By Losses In Shares Of Salesforce, Boeing

9:45 am ET December 1, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Salesforce and Boeing are retreating Thursday morning, sending the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 106 points, or 0.3%, lower, as shares of Salesforce (CRM) and Boeing (BA) have contributed to the index's intraday decline. Salesforce's shares are down $15.36, or 9.6%, while those of Boeing are down $1.61 (0.9%), combining for an approximately 112-point drag on the Dow. Other components contributing significantly to the decline include JPMorgan Chase (JPM), Travelers (TRV), and UnitedHealth (UNH). A $1 move in any of the index's 30 components equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.

(END) Dow Jones Newswires

December 01, 2022 09:45 ET (14:45 GMT)