“Dow Jones Slides 375 Points After Jobless Claims, GDP; Salesforce Plunges 20% On Earnings” – May 30, 2024
June 4, 2024
“The Dow Jones Industrial Average tumbled 375 points Thursday after weekly unemployment claims and quarterly GDP data both came in weaker than expected. Dow Jones giant Salesforce (CRM) plunged on the stock market today after the company’s earnings report, while artificial intelligence giant Nvidia (NVDA) looked to set more record highs….
Early Thursday, the 10-year Treasury yield ticked lower to 4.59%. Oil prices dipped as West Texas Intermediate futures traded around $78.50 a barrel. Among U.S. exchange traded funds, the Invesco QQQ Trust (QQQ) lost 0.4% and the SPDR S&P 500 ETF (SPY) dropped 0.3%…
The Labor Department’s first-time jobless claims rose to 219,000 vs. 215,000 in the previous week. They were expected to rise to 217,000, per Econoday estimates…”
https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-salesforce-stock-crm/?src=A00220