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Salesforce Stock Sinks After Weak Earnings Forecast

Sales force: The cloud-based software company is expected to continue benefiting from strong demand for its products. Earnings are expected to have risen to $1.44 per share in the first quarter, compared with 20 cents per share a year ago, according to analysts surveyed by LSEG.

Other companies: Viking Holdings, Dick’s Sporting Goods, Chewy and Abercrombie & Fitch will report earnings before the bell. HP will publish results after the market closes.

Federal speech: New York Federal Reserve President John Williams will participate in a roundtable with local leaders to hear about business conditions and municipal and community services in Watertown, New York. Atlanta Fed President Raphael Bostic will participate in a moderated conversation on economic prospects and leadership at a conference held by the American Economic Association in Atlanta.

Federal Reserve Beige Book: The Federal Reserve will release its report on the current economic conditions of its 12 central bank districts.

Biden: US President Joe Biden will campaign with Vice President Kamala Harris in Philadelphia, as the duo try to drum up support in the swing state of Pennsylvania ahead of November’s presidential election.