US stocks headed for more losses on Thursday as lingering concerns about higher-for-longer interest rates and a Salesforce sell-off put a damper on investors' spirits. Dow Jones Industrial Average futures sank 0.9%, after shedding over 400 points to lead Wednesday's stock market slide. S&P 500 futures fell 0.4%, while contracts on the tech-heavy Nasdaq 100 were down roughly 0.3%.
Though the benchmark yield retreated on Thursday, it still held above the key level trading around 4.6%. Salesforce's results sparked other worries about likely losers in the AI boom. The software maker's shares slid 15% in pre-market after it said sales growth will stall to the slowest in its history. Focus is now on Thursday's data releases, with investors on watch for more signs of the surprising resilience in the US economy hampering the case for the Fed to lower borrowing costs.
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