Dow Likely To See Further Downside Amid Steep Drop By Salesforce

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 30 May 2024 10:37:33 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a lower open on Thursday, with the Dow futures showing a notable move to the downside. A steep drop by shares of Salesforce (CRM) is likely to weigh on the Dow, as the cloud-based software company is plunging by 16.5 percent in pre-market trading. Salesforce is under pressure after reporting weaker than expected fiscal first quarter revenues and providing disappointing fiscal second quarter guidance. Concerns about the outlook for interest rates may also continue to weigh on the markets, although a pullback by treasury yields may help keep selling pressure somewhat subdued. The futures regained some ground following the release of separate reports showing an uptick by weekly jobless claims and slower than previously GDP growth in the first quarter. The Labor Department said initial jobless claims rose to 219,000 in the week ended May 25th, an increase of 3,000 from the previous week's revi... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( First-time claims for U.S. unemployment benefits crept modestly higher in the week ended May 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 3,000 from the previous week's revised level of 216,000. Economists had expected jobless claims to inch up to 218,000 from the 215,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average also edged u... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Kohl?s (KSS) have plummeted in pre-market trading after the department store chain reported an unexpected fiscal first quarter loss on weaker than expected revenues. Software company... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks are seeing modest gains on Thursday after two days of selling on inflation and interest rate concerns. Unemployment across the eurozone has fallen to a new record low in April, while a measure of economic sentiment ticked up in May, separate data showed earlier today. Eurostat data showed the euro-area seasonally adjusted unemployment rate fell from 6.5 percent to 6.4 percent in April, below expectation of 6.5 percent. The euro area economic sentiment indicator ticked up from 95.6 to 96.0 in May, matching ... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended deep in the red on Thursday, as the dollar and U.S. bond yields continued to surge on bets that global interest rates will stay higher for longer. Traders also looked ahead to the release of key inflation readings from the eurozone and the U.S. for additional clues on the future path of monetary policy. The U.S. core personal consumption expenditures (PCE) price index report will be released on Friday following signs of softening price pressures in the recent CPI survey. The Japanese yen tried to recoup from a four-week trough as Japanese 10-year treasury yields spiked t... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are slipping $0.24 to $78.99 a barrel after falling $0.60 to $79.23 a barrel on Wednesday. Meanwhile, ... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49