Why Did Salesforce.com Fall 17% in April?
Shares of Salesforce.com (NYSE: CRM) dropped 17.1% in April as part of a growth-stock sell-off. Rising interest rates are pulling capital away from riskier assets, while investors are starting to worry that tighter monetary policy from the Federal Reserve will lead to slowing economic activity.
There wasn't any major news regarding Salesforce.com in April. The company had an excellent earnings report in the first week of March, but things have been pretty quiet ever since.
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Source Fool.com
