Salesforce forecasts lower third-quarter revenue due to clients reducing spending amid economic uncertainty, leading to a stock decline, despite announcing a $50 billion share buyback and heavy investment in AI and automation.
U.S. stock futures are stable as investors await Nvidia's earnings, with markets recovering from recent losses amid optimism over delayed tariffs and macroeconomic conditions, while monitoring Federal Reserve minutes and corporate earnings reports.
Fortinet stock experienced a significant drop in premarket trading after the company revealed that deals were being delayed due to macroeconomic uncertainty, causing other cybersecurity stocks like Palo Alto and CrowdStrike to also decline.