Nasdaq falls 1%; Salesforce shares weigh on tech

U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors also digested data showing the economy had grown slower than previously expected in the first quarter. A separate report showed weekly jobless claims rose more than expected. Salesforce (CRM.N), opens new tab shares plunged 19.7%, a day […]

Wall Street frets over timeline for centralized Treasury clearing

The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk in the $27 trillion Treasury market, the world’s biggest bond market, by forcing more […]

Adidas shares fall on investigation into China corruption allegation

Adidas (OTC:ADDYY) shares dropped 4% on Monday after the German sportswear brand said it was investigating allegations of corruption in China after receiving an anonymous letter. “Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate,” […]

Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more

Check out the companies making headlines in premarket trading. KKR, CrowdStrike, GoDaddy — Shares of KKR climbed more than 8%, while CrowdStrike and GoDaddy added 6% and 3%, respectively. All three companies will join the S&P 500 on June 24, as part of the index’s quarterly rebalance. The three stocks leaving the index are Robert Half, Comerica and Illumina, S&P Dow Jones Indices announced […]