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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow leads stock market slide as rising Treasury yields rattle nervesA spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow slides 600 points as worries about rates overshadow Nvidia's blowout profitNEW YORK (AP) — Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high.
Source: SooToday - 🏆 8. / 85 Read more »
Salesforce stock is sinking on its Q2 earnings forecastsSalesforce (CRM) shares are sinking after Wednesday's market close as the cloud computing company reported mixed first-quarter earnings results. Salesforce...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq touches intraday record, Dow struggles to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »