Mixed Global Market Signals: Another Weak Day for US Markets, Dow Jones Falls 330 Points

Mixed signals from global markets. Another weak day for US markets. Dow slipped 330 points, slipped to 38000 level intraday. Salesforce fell 20%, a major contributor to the Dow's decline. For the first time in 18 years, the company presented results below guidance. 22 out of 30 Dow Jones stocks closed positive. Nasdaq slipped 1% due to selling in IT shares. Buying in small caps, Russell 2000 up 1%. Q1 US GDP at 1.3%, estimate was 1.6%. 10 year bond yield slipped to 4.55%.

Updated on: May 31, 2024, 09.36 AM IST
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