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Why Salesforce Stock Slumped on Tuesday

TheMotleyFool

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Why Salesforce Stock Slumped on Tuesday: https://g.foolcdn.com/editorial/images/878886/person-looking-at-laptop-screen-with-head-in-hands.jpg

Stock market players were clearly uninterested in pursuing a relationship with customer relationship management (CRM) software king Salesforce (NYSE: CRM) on Tuesday. The veteran company's shares slid by more than 2% that trading session, as they were swept up in a broader rout of long-standing software companies.

This general bearishness can't be blamed directly on Salesforce. Rather, it can be tracked to the latest news from software titan International Business Machines. That company issued a preliminary quarterly earnings report Tuesday morning; both it and its shareholders probably now wish it hadn't.

Image source: Getty Images.

Source Fool.com

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