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Friday, July 17, 2020 4:09:15 PM
By: TheStreet | July 16, 2020
• Investors shied away from high-growth tech names, while Dell spiked on news of a possible spin-off of VMware.
Salesforce
Software giant Salesforce (CRM) fell $182.01 on Thursday, continuing a days-long selloff trend affecting many high-growth, high-multiple tech names. According to Jim Cramer, economic indicators may be driving investors away from "super-growth stocks" and towards traditional Dow Jones holdings, at least temporarily, because those holdings tend to do well when the economy turns around...
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