Salesforce falls below a long -term support while the Dow Jones index drills the 41,000 area

• Salesforce’s actions fell more than 4% on Thursday, being the worst performance in the DJ.
• CRM actions could lose their impulse from the line of support trend that began at the end of 2022.
• The Dow sinks at a minimum of six months below 41,000.
• The February IPP showed that the underlying inflation fell compared to the previous month.

Salesforce (CRM) actions They led the industrial average Dow Jones (DJIA) on Thursday despite positive news regarding inflation.

The general production price index (IPP) showed that the prices at the producer level remained stable in February compared to the previous month and fell by excluding food and energy. The annual IPP inflation figure for February fell from 3.7% reviewed from January to 3.2%. In addition, the initial applications of unemployment subsidy last week were lower than consensus, and reports that Russia is considering a high 30 -day fire favored by the US and Ukraine in the three -year war.

However, the market in general continued to focus on the global commercial war of the Trump administration. The president of the United States, Donald Trump, threatened to increase tariffs on all alcohol imports from the European Union (EU) to 200% on Thursday, after that agency said at the beginning of the week that would aim at US goods worth $ 26,000 million with their tariffs in response to Trump’s 25% tariff on steel and aluminum worldwide.

The general movement of the Trump administration towards tariffs has scared many investors, who seem to constantly reduce their allocation in US actions. The Dow Jones fell below the support level of 41,000 on Thursday for the first time since last September and closed with a drop of 1.3%. That was an improvement with respect to Nasdaq, which lost approximately 2%. On other fronts, the S&P 500 fell more than 10% below its historical maximum on Thursday, giving the index its first adequate correction since 2023.

News about Salesforce’s actions

Salesforce’s shares descended to $ 270.90 on Thursday, lowering 4.8% in the session. Much of the negative feeling comes from a general displeasure by the business software industry.

Other competitors in that industry as Servicenow (Now) and Atlassian (Team) They also quoted on Thursday. Servicenow fell a similar 4.1%, and Atlassian lost 8.1% more pronounced.

All these companies normally contribute to higher valuations than other industries due to better growth prospects and higher margins. However, investors fear that it can stop if the US economy enters recession. The GDPnow indicator of the Atlanta Fed is predicting an annualized 2.4% fall in the US GDP in the first quarter in terms of seasonally adjusted. The rule is that two consecutive quarterly falls are needed to indicate a recession.

When Trump first imposed 25% tariffs on Mexico and Canada in early February, he quickly delayed them for a month. Then he did it again in early March. But Trump’s insistence on entering into force at the beginning of April threatens to increase prices for US consumers and affect economic growth.

A recession would probably reduce corporate spending on business software for a period of time, and Trump’s tariffs could cause other foreign governments to respond with their own tariffs on US software sales.

The New York Federal Reserve has just issued its February consumer expectations survey, which showed that only 37% of Americans believe that the stock market will be higher within a year.

Salesforce actions prognosis

Salesforce’s actions backed down the important line of ascending trend that began in December 2022. Salesforce’s actions have fallen below the trend line several times in the daily chart, but never in the weekly graphic. If the current price action remains until Friday, then it will be the first time you do in 28 months.

In addition, CRM shares opened this week below the trend line, which is currently about $ 275. The price of the shares tried to resume the trend on Wednesday, rising to $ 285, but that region now seems resistance in the weekly sail.

With the relative force index (RSI) in a downward trend but not yet at over -sales levels, investors should expect greater downward pressure. The main support point is between $ 225 and $ 242. This support range is derived from the resistance to mid -2023 and the support in mid -2024.

Daily CRM Shares Graph