Technology shares pulled the broader indexes lower led by Salesforce's disappointing quarterly results.
Salesforce stock tumbled after the business-software provider cut its outlook for fiscal-year subscription and support revenue and gave a downbeat forecast for the current quarter. In addition, the company's revenue of $9.13 billion for last quarter fell short of the $9.15 billion expected by Wall Street analysts.
Alphabet's Google will invest $2 billion to establish its first data center in Malaysia to power new cloud services, the latest in a string of multibillion-dollar plans by Western tech giants to meet growing computing needs in Southeast Asia.
HP and Dell shares jumped on signs of demand returning for computers and servers amid interest in artificial intelligence.
Write to Patrick Sullivan at patrick.sullivan@wsj.com
(END) Dow Jones Newswires
05-30-24 1756ET
