Dow Jones Barely Changed as Salesforce Stock Tumbles on Slack Acquisition, Walmart Takes a Shot at Amazon Prime
The Dow Jones Industrial Average (DJINDICES: ^DJI) had largely recovered from early losses by early Wednesday afternoon, but the index was still down about 0.1% at 12:30 p.m. EST. The Dow's biggest loser was salesforce.com (NYSE: CRM), which tumbled after the software company reported solid quarterly results and announced the massive acquisition of Slack (NYSE: WORK).
Also declining on Wednesday, but not by nearly as much, were shares of Walmart (NYSE: WMT). Walmart announced that subscribers to its Walmart+ service would now receive free two-day or next-day shipping on Walmart.com orders without any spending minimums, making the service a closer analog to Amazon Prime.
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Source Fool.com
