Salesforce Slices 281 Points off the Dow: Shocking Revenue Miss and Poor Guidance Rock Wall Street!

San Francisco, CA – Salesforce’s disappointing performance in after-hours trading on Wednesday is expected to have a significant impact on the Dow Jones Industrial Average on Thursday’s market open. The tech giant’s stock decline could potentially slash 281 points off the index, influencing investor sentiment as Wall Street reacts to the news.

Despite beating analyst estimates for earnings by 6 cents, Salesforce fell short of expectations for first-quarter revenues, marking its first revenue miss in over a decade, according to data from earnings firm LSEG. The company’s weak second-quarter guidance further contributed to the stock’s 17% plunge, projecting a potential 315-point drop in the Dow Industrials if losses persist at the opening bell.

Meanwhile, activist investor Nelson Peltz made headlines by selling his entire stake in Disney at around $120 a share, generating approximately $1 billion in profits. This move follows Peltz’s recent defeat in a proxy battle at Disney, where shareholders voted to retain the company’s board nominees instead of electing Peltz and former Disney CFO Jay Rasulo.

In the extended trading session, several stocks made significant moves, with Salesforce shares plummeting more than 14% after reporting first-quarter revenue below consensus estimates. Software company UiPath also experienced a 30% decline following the announcement of CEO Rob Enslin’s resignation and HP Inc. saw a 3% rise after surpassing analysts’ expectations for second-quarter earnings and revenue.

As U.S. stock futures opened lower on Wednesday evening, with Dow futures down 258 points and S&P 500 and Nasdaq-100 futures each declining by 0.2%, investors are bracing for potential market fluctuations as they react to the latest developments in key companies like Salesforce and Disney.