DOW HITS 2023 PEAK AS SALESFORCE JUMPS, INFLATION EASES

The Dow Jones industrials index hit its highest level in 2023 on Thursday, as Salesforce jumped on an upbeat profit forecast and a new report offered further evidence of easing inflation.

Salesforce (CRM.N) jumped 6.7% as the cloud-based software firm raised its annual profit forecast and beat third-quarter estimates, benefiting from strong demand for its cloud and business products. While the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course for their strongest November since 2020.

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