US stocks endured more losses on Thursday as lingering concerns about higher-for-longer interest rates and a Salesforce sell-off dampened investors' spirits. The Dow Jones Industrial Average sank nearly 0.9%, or more than 350 points, after shedding over 400 to lead Wednesday's stock market slide. The S&P 500 fell 0.6%, while the tech-heavy Nasdaq Composite dropped about 1%.
The software maker's shares slid nearly 20% after it said sales growth would stall to the slowest in its history, its most significant decline since 2004. Meanwhile, new government data showed that the US economy grew at a slower pace than initially thought during the first quarter. The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product showed the economy grew at an annualized pace of 1.3% during the period, down from a first reading of 1.
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Stock market today: Stock futures edge higher after biggest wipeout for Dow in a yearRenewed concerns over the path of interest rates had prompted the Dow's worst day since March 2023.
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مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Stock market today: Dow futures slide again as rates fears prey on nervesLngering concerns about higher-for-longer interest rates and a Salesforce sell-off put a dampener on investors' spirits.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Stock market today: Stocks edge higher after biggest wipeout for Dow in a yearRenewed concerns over the path of interest rates had prompted the Dow's worst day since March 2023.
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