Published on 31 May 2024 on Zacks via Yahoo Finance
The Nasdaq and the S&P 500 fell again on Thursday, driven lower by huge pullbacks across software stocks, spurred by Salesforce’s 20% selloff.
The market needed a cooldown and Wall Street decided it was time to take profits ahead of the release of the Fed’s preferred inflation gauge on Friday morning. The Nasdaq and the S&P 500 are still riding high heading into June.