finished Wall Street stock indexes traded mixed Thursday, The massive sell-off in Salesforce software shares hit the Dow Jones index, as investors digested US data, which indicated that the Federal Reserve’s interest rate hike was starting to pay off.
Salesforce shares plunged after it said its CEO, Brett Taylor, would step down in January.
According to preliminary data, the Standard & Poor’s 500 index fell 2.31 points, or 0.06%, to close at 4,077.80 points, while the Nasdaq Composite rose 15.22 points, or 0. .13%, to 11,483.21 points, according to Reuters.
The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.
On the other hand, US consumer spending increased strongly in October, with inflation approaching moderate levels, which gave the economy a strong boost at the start of the fourth quarter of the year. due to rising interest rates.
The US Department of Commerce said consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.8% after an unrevised 0.6% increase in September.
