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Salesforce Newsroom
Major Indexes Are Higher Amid Strength in Salesforce and Pure Storage, Which Gained Following Their Respective Quarterly Earnings Reports.
AI shopping assistants have contributed to usa's "Cyber Monday" sales surpassing 13 billion dollars, a year-on-year increase of 7.3%.
According to a report by adobe, usa consumers reached an online spending of 13.3 billion dollars this year on "Cyber Monday", which is a 7.3% increase compared to Cyber Monday in 2023, surpassing the 10.8 billion dollars spent online on Black Friday. Caila Schwartz, director of consumer research at Salesforce, stated that generative ai tools can answer basic product queries from online shoppers, helping retailers protect their profit margins despite rising costs.
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US stock market early trading | The three major indexes are collectively rising! Leading stocks surged on heavy volume, with Salesforce up more than 10% and Marvell Technology up about 20% to a new high.
On the evening of October 4, 2023, US stocks opened higher on Wednesday. Investors are waiting for the upcoming speech by Federal Reserve Chairman Powell. In the USA, the ADP employment numbers for November increased by 0.146 million, which is below expectations. The market is paying attention to the political turmoil in South Korea and France.
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Express News | Shares of U.S. Cloud Companies Rise After Salesforce's Q3 Results, Outlook
Nasdaq opened 0.58% higher, salesforce rose more than 10% after earnings.
Gelonghui December 4th | U.S. three major indexes collectively opened higher, with the Nasdaq up 0.58%, the S&P 500 Index up 0.31%, and the Dow Jones up 0.49%. In the USA, the November 'small non-farm' ADP employment increased by 0.146 million people, while the market expected 0.15 million people, with October data revised from 0.233 million to 0.184 million people. Salesforce rose more than 10%, beating expectations for the third quarter, with current remaining performance obligations (cRPO) up 10% year-on-year, raising full-year revenue guidance. Eli Lilly and Co rose more than 1%, with its weight loss drug Zepbound surpassing novo-nordisk in its first comparative trial.
In the U.S. stock market, the Dow Jones rose over 200 points early on, the s&p 500 and Nasdaq reached new highs again, with standout performances from Salesforce and apple also hitting new highs.
In November, the usa's ADP private employment growth was below expectations. However, Salesforce (CRM.US) and chip manufacturer Marvell (MRVL.US) reported strong quarterly results, leading technology stocks to rise on Wednesday, with the Nasdaq opening up 106 points or 0.6%, reaching a new intraday high. The s&p 500 index opened 19 points higher and broke its previous peak; the Dow opened 235 points or 0.5% higher. Salesforce's third-quarter revenue exceeded expectations, with the stock price rising more than 9% in early trade, reaching a new high; Marvell's quarterly earnings also surpassed expectations, and its stock price rose by 20%. Apple (AAPL.US) reached another high.
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