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Salesforce’s stock surge would add nearly 140 points to the Dow’s price

Clyde Edgerton by Clyde Edgerton
November 30, 2023
in Markets
Salesforce’s stock surge would add nearly 140 points to the Dow’s price
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Shares of Salesforce Inc.
CRM,
+7.28%
soared 9% toward a near two-year high in premarket trading Thursday, following customer relationship management software company beat third-quarter profit expectations and raised the full-year outlook. The implied price gain of nearly $21 ahead of the open, which was on track to be the biggest since the record $56.27 rally on Aug. 26, 2020, would add about 137 points to the Dow Jones Industrial Average’s
DJIA,
+0.71%
price. Meanwhile, Dow futures
YM00,
+0.81%
rose 244 points, or 0.7%, while futures
ES00,
+0.10%
for the S&P 500
SPX,
-0.02%
edged up 0.4%. The stock, which was headed for an open at the highest price seen during regular-session hours since Jan. 4, 2022, has soared 73.7% year to date through Wednesday to pace all the Dow’s gainers this year. The Dow has tacked on 6.9% this year.



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