How major US stock indexes fared Thursday, 5/30/2024

Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower.

The S&P 500 sank 0.6% Thursday, even though the majority of stocks across Wall Street rose. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite dipped 1.1%.

Salesforce lost a fifth of its value after reporting weaker revenue for the latest quarter than analysts expected. Treasury yields eased in the bond market following weaker-than-expected reports on the job market and overall economy.

On Thursday:

The S&P 500 fell 31.47 points, or 0.6%, to 5,235.48.

The Dow Jones Industrial Average fell 330.06 points, or 0.9%, to 38,111.48.

The Nasdaq composite fell 183.50 points, or 1.1%, to 16,737.08.

The Russell 2000 index of smaller companies rose 20.41 points, or 1%, to 2,056.60.

Very good!（3642）