Reported 4 months ago
On May 30, 2024, the Nasdaq Composite experienced a significant 1.08% decline of 183 points, while the Dow Jones Industrial Average closed 0.86% lower by 330 points and the S&P 500 fell by 0.60%. Yahoo Finance's Julie Hyman reported that Salesforce's (CRM) stock selloff due to the cloud operator's second-quarter guidance was a key factor dragging down the Nasdaq. This decline in Salesforce's stock led to a broader sell-off in software companies, impacting stocks like Microsoft, Oracle, and Adobe, with Salesforce experiencing its largest single-day drop in 20 years.
Source: YAHOO