Markets Surge, Led by Salesforce

December 04,2024 10:22 am EST

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Stocks rose Wednesday as Salesforce and Marvell Technology led tech shares higher on the back of strong quarterly earnings.

The Dow Jones Industrial index regained 122.65 points to 44,828.18

The S&P 500 surged 12.02 points to 6,061.90.

The NASDAQ Composite shot higher 134.88 points to 19,615.79.

Both the S&P 500 and NASDAQ hit fresh record highs.

Salesforce climbed 9% after the company posted fiscal third-quarter revenue that beat estimates. Chipmaker Marvell also beat earnings

A report released on Wednesday morning from ADP revealed that private payrolls grew less than expected in November. Companies added just 146,000 on the month, while economists polled by Dow Jones had estimated growth of 163,000 positions.

Prices for the 10-year Treasury were static, keeping yields at Tuesday's 4.23%.

Oil prices stood still at $69.94 U.S. a barrel.

Prices for gold jumped $7.20 an ounce to $2,675.10 U.S.

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Trading on the New York Stock Exchange, BlackSky Technology Inc. Redeemable Warrants each whole Warrant exercisable for one share of Class A Common Stock displayed a Golden Cross (50 DMA / 200 DMA) on Wednesday. Closing at $0.09, the stock has the technical “green light” for potential gains.

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Markets Surge, Led by Salesforce

Previous Market Updates

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Other Penny Stock Movers

Crypto Mining Partnership Sends Shares Of Energy Tech Company Higher

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