Reported 4 months ago
US stocks faced losses as concerns about higher interest rates and a Salesforce sell-off impacted investor sentiments. The Dow Jones Industrial Average dropped nearly 0.9%, with the S&P 500 falling 0.6% and the Nasdaq Composite dropping about 1%. Salesforce shares slid by almost 20% after announcing slow sales growth, the slowest since 2004, leading to broader market concerns. Additionally, new data revealed slower US economic growth in the first quarter than initially projected.
Source: YAHOO