Salesforce’s stock plummeted by over 20% after the company reported a revenue miss and provided soft guidance for the upcoming fiscal quarter, which was below Wall Street’s expectations.
Contrary to the broader market trend, Foot Locker’s stock surged more than 28% following a stronger-than-expected earnings report, showcasing the company’s resilience in the current volatile market.
The broader market has been choppy, with the S&P 500 slipping around 1.2%, the Nasdaq Composite shedding 0.7%, and the Dow Jones Industrial Average tumbling more than 2%.