Salesforce, HP, Foot Locker, and More [Video]

U.S. equities slumped at midday Thursday as Salesforce’s (CRM) post-earnings plunge led tech stocks lower ahead of Friday’s key report on inflation that could influence the Federal Reserve’s decision on interest rate cuts. The Dow dropped more than 300 points, while the S&P 500 and Nasdaq lost ground as well.

Salesforce (CRM) shares plunged after the cloud software provider missed sales estimates and gave weaker-than-expected guidance for the current quarter that raised concerns about its future growth.

Kohl’s (KSS) shares tumbled as the retailer posted a surprising loss, revenue came in short of forecasts, and it cut its outlook as it faced “ongoing uncertainty” in the consumer market.

Shares of Hormel Foods (HRL) declined as the maker of Spam and other processed foods saw sales fall with a drop in retail volumes. 

HP (HPQ) was the best-performing stock in the S&P 500 as the PC maker beat sales expectations, …