CNBC Daily Open: Trump guilty in hush money trial

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Trump guilty in hush money trial
A New York jury convicted former President Donald Trump on all 34 felony charges of falsifying business records related to a hush money payment to porn star Stormy Daniels by his then-personal lawyer before the 2016 election. Trump is the first former U.S. president to be convicted of a crime. His sentencing is set for July 11 at 10 a.m. ET, just four days before the Republican National Convention in Milwaukee, where Trump is expected to be confirmed as the GOP's presidential nominee. Trump, who remains free without bail, faces a maximum sentence of four years in prison for each count.

Saleforce sinks stocks
Wall Street closed lower after Salesforce had its worst day in two decades. The Dow Jones Industrial Average dropped 330 points. The S&P 500 and the Nasdaq Composite both lost ground. Nvidia fell for the first time since its earnings last week and Microsoft had its worst day since October. The yield on the 10-year Treasury slipped below 4.6% but remained above 4.5%, a level at which investors may consider switching out of stocks for better returns elsewhere. U.S. oil prices fell 1% and are on track for their worst month of the year as demand for gasoline remains soft. 

Dell sinks despite AI growth

Shares of Dell fell as much as 20% in extended trading after its first-quarter earnings met Wall Street's expectations. Still, Dell's shares had more than doubled in value before Thursday's earnings. The company has become a leading vendor for AI-oriented servers,