🔴 CRM is trading 4.02% down today as investors rotate out of high-multiple tech names

CRM is trading at $172.85 (-4.02%) as investors continue to rotate out of higher-multiple technology stocks amid broader market weakness.

• The decline follows a weak opening for major indices, with the S&P 500 down 0.45% and the Nasdaq Composite falling 0.36%.
• Persistent concerns regarding higher interest rates remain a significant headwind for enterprise software names, despite a lack of fresh company-specific news.