Salesforce Shares Plummet on Weak Revenue and Profit Outlook

U.S. stocks closed lower on Thursday, with the Dow Jones Industrial Average falling over 300 points, primarily due to a 20% plunge in Salesforce shares following a revenue miss and weak guidance. The S&P 500 and Nasdaq Composite also declined, dropping 0.6% and 1.1% respectively. Despite the overall market downturn, small-cap stocks outperformed, with the Russell 2000 rising 1%. Analysts noted that while Big Tech led earnings gains, negative momentum and inflation concerns are impacting broader market sentiment.