Dow's 217-point Fall Led By Losses In Microsoft, Salesforce Stocks

PIMCO Dynamic Income Fund

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PDI PIMCO Dynamic Income Fund

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Company profile

PIMCO Dynamic Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to achieve high current income and secondary objective is capital gain from the disposition of investments. The fund normally invests worldwide in a portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. The fund’s investment universe includes mortgage-backed securities, investment grade and high yield corporates, developed and emerging markets corporate and sovereign bonds, and other income-producing securities and related derivative instruments. The fund will invest at least 25% of its total assets in privately issued mortgage-related securities and invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Pacific Investment Management Company LLC serves as the Funds’ investment manager.

Dow's 217-point Fall Led By Losses In Microsoft, Salesforce Stocks

11:17 am ET September 15, 2023 (MarketWatch) Print

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

Behind declines for shares of Microsoft and Salesforce, the Dow Jones Industrial Average is down Friday morning. Shares of Microsoft (MSFT) and Salesforce (CRM) are contributing to the index's intraday decline, as the Dow was most recently trading 217 points, or 0.6%, lower. Microsoft's shares are off $6.53 (1.9%) while those of Salesforce are down $3.98, or 1.8%, combining for an approximately 69-point drag on the Dow. Other components contributing significantly to the decline include Intel (INTC), Caterpillar (CAT), and McDonald's (MCD). A $1 move in any one of the 30 components of the benchmark results in a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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September 15, 2023 11:17 ET (15:17 GMT)