Dell, CDW Stocks Drop After White House Targets Tech Contractors for Savings -- WSJ

Dow Jones

06-02

By WSJ Staff

The government's quest to wring savings from federal contractors is widening beyond consulting firms and focusing on tech companies.

The General Services Administration contacted 10 technology providers Wednesday, including Dell and IT firm CDW, asking executives to justify their work and find areas to cut, The Wall Street Journal reported over the weekend. Shares in Dell and CDW both fell more than 3% Monday morning. Read more:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 02, 2025 10:27 ET (14:27 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares in Dell and CDW both fell more than 3% Monday morning. Read more: \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2025 10:27 ET (14:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDW","symbol_name":"CDW Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2540660799","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540660799","pubTimestamp":1748874420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The government's quest to wring savings from federal contractors is widening beyond consulting firms and focusing on tech companies.The General Services Administration contacted 10 technology providers Wednesday, including Dell and IT firm CDW, asking executives to justify their work and find areas to cut, The Wall Street Journal reported over the weekend. 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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2025 10:27 ET (14:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}