Nasdaq falls 1%; Salesforce shares weigh on tech
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Nasdaq dropped more than 1% due to declines in the tech and communication services sectors. Salesforce shares plunged 19.7% after the company forecasted lower-than-expected second-quarter profit and revenue. The S&P 500 technology sector dropped 2.5% and was the biggest drag on the benchmark index. The Commerce Department reported slower Q1 growth than previously estimated. The S&P 500 lost 0.60% to end at 5,235.48, while the Nasdaq Composite lost 1.08% to 16,737.08. The Dow Jones Industrial Average fell 0.86% to 38,111.48. U.S. Treasury yields dipped following the data.

#Nasdaq #Salesforce #Tech #StockMarket

https://m.economictimes.com/markets/stocks/news/nasdaq-falls-1-salesforce-shares-weigh-on-tech/articleshow/110577792.cms