Dow Drops Amid Salesforce Plunge and Tech Woes
TL;DR Summary
US stocks continued to decline on Thursday, with the Dow Jones dropping nearly 0.9% and the Nasdaq falling about 1%, driven by concerns over prolonged high interest rates and a significant 20% drop in Salesforce shares due to weak sales growth forecasts. Investors are also eyeing a key inflation report due Friday, which could influence future interest rate decisions by the Federal Reserve.
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