US major indices close lower with the NASDAQ leading the way lower

Major averages closed lower today. The decline today was led by the NASDAQ index. The Dow industrial average fell once again. It ending the month of May with 7 of the last 8 trading days moving lower. The major indices were mixed for the month.

The final numbers are showing:

• Dow industrial average fell -131.90 points or -0.40% at 32910.89
• S&P index fell 25.48 points or -0.61% at 4180.02
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index fell -82.13 points or -0.63% at 12935.30
• Russell 2000 index fell -17.64 points or -1.00% at 1749.65

For the trading month, the major indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term were mixed with the Dow moving lower. The S&P unchanged, and the NASDAQ moving higher:

• Dow industrial average -3.49%
• S&P index +0.25%
• NASDAQ index rose 5.8%

With 5 months in the book, the Dow industrial average is a down marginally. The S&P and NASDAQ are higher with the NASDAQ overwhelmingly outperforming:

• Dow Industrial Average -0.72%
• S&P index up 8.86%
• NASDAQ index up 23.59%

After the close, Salesforce reported better-than-expected earnings, but shares are still lower

• EPS $1.69 versus $1.61 estimate
• Revenues $8.25 billion versus 8.18 billion estimate

Guidance

• YoY Revenues $34.5 to $34.7 billion versus $34.65 billion estimate
• YoY EPS $7.41 - $7.43 versus $7.14 estimate

Salesforce shares are down -4% in after-hours trading

Crowdstrike:

• EPS of $0.57 versus $0.51 expected
• Revenues $0.693 billion versus expected $0.676 billion

Guidance:

• Q2 expected at $0.54 – $0.57 versus expectations of $0.54
• Revenues Q2 $0.717B – $0.727B versus expected $0.719 billion

Crowdstrike shares are down -12.57% despite the beats on the top and bottom line estimates.