Dow Jones Today: Salesforce Boosts Dow to 2023 High; Big Tech … – Investopedia

Stocks ended Thursday mixed as Salesforce shares soared on its quarterly earnings report and markets digested October’s inflation data and production cuts by some of the world’s largest oil producers.

The Dow Jones Industrial Average rose about 1.5% to its highest since February 2022. The S&P 500 gained 0.4% and the Nasdaq fell 0.2%.

The Personal Consumption Expenditures (PCE) Price Index rose less than 0.1% in October, slowing down significantly from September’s 0.4% increase. Core inflation, which excludes volatile food and energy prices, fell to 0.2% from 0.3% in September. That brought the annual core inflation rate down to 3.5%, its lowest since April 2021.

Salesforce shares jumped after it reported better-than-expected sales and earnings last quarter. The company reported net income of $1.22 billion, a sixfold increase from the prior year.

Tesla (TSLA) shares fell as it delivered its first Cybertrucks at an event in Austin this afternoon. Investors have been waiting four…

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