Dow Falls 212 Points On Losses For Shares Of Microsoft, Salesforce

Abbvie Inc

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Health Care : Biotechnology | Large Cap Value

Company profile

AbbVie Inc. is a research-based biopharmaceutical company, which is engaged in research and development, manufacturing, commercialization and sale of medicines and therapies. It offers products in various therapeutic categories, including immunology products, which include Humira, Skyrizi and Rinvoq; oncology products, which include Imbruvica and Venclexta; aesthetics products that include Botox Cosmetic, Juvederm Collection and others; neuroscience products, such as Botox Therapeutic, Vraylar, Duopa and Duodopa, and Ubrelvy; eye care products consists of Lumigan, Alphagan and Restasis; women's health products include Lo Loestrin, Orilissa and others; and other products, which includes Mavyret, Creon, Lupron, Linzess and Synthroid. Its products are sold to wholesalers, government agencies, health care facilities and independent retailers. It also discovers and develop antibody medicines that target difficult-to-drug disease-causing proteins, such as G protein-coupled receptors (GPCRs).

Dow Falls 212 Points On Losses For Shares Of Microsoft, Salesforce

9:45 am ET January 25, 2023 (MarketWatch) Print

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

Behind negative returns for shares of Microsoft and Salesforce, the Dow Jones Industrial Average is declining Wednesday morning. Shares of Microsoft (MSFT) and Salesforce (CRM) are contributing to the index's intraday decline, as the Dow was most recently trading 212 points lower (-0.6%). Microsoft's shares have fallen $9.28 (3.8%) while those of Salesforce have fallen $3.21 (2.1%), combining for an approximately 82-point drag on the Dow. Also contributing significantly to the decline are Chevron (CVX), Apple (AAPL), and Home Depot (HD). A $1 move in any of the benchmark's 30 components results in a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.

(END) Dow Jones Newswires

January 25, 2023 09:45 ET (14:45 GMT)