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Why Salesforce Stock Is Falling Today

·2 min read
Why Salesforce Stock Is Falling Today
In this article:
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Shares of Salesforce (NYSE: CRM), the cloud-based customer relationship-management company, were sliding this morning as investors grow increasingly pessimistic about high-growth technology stocks. While there wasn't any company-specific news that caused Salesforce's stock to fall today, some technology investors are exiting their positions in the sector as fears of rising inflation, the war in Ukraine, and economic uncertainty fuel a sell-off. As a result, the tech-heavy Nasdaq Composite was down by 2.9% by mid-afternoon.