As shares of Salesforce fell on a quarterly revenue miss and disappointing outlook, U.S. stock futures indicated that Thursday’s trading would be another gloomy day.
Futures linked to the Dow Jones Industrial Average had a decline of 315 points, or 0.8%. Futures on the S&P 500 fell 0.3%, and those on the Nasdaq-100 down 0.2%.
Salesforce’s stock fell more than 15% following the company’s failure to meet revenue targets for the first quarter of its fiscal year.
The business missed the Street’s projections for second-quarter earnings and revenue as well. Conversely, Foot Locker had a more than 12% increase due to higher-than-expected earnings per share.
Source (CNBC)
