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Futures Climb on Salesforce Numbers

Posted on December 4, 2024 By Kotop No Comments on Futures Climb on Salesforce Numbers

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

Futures for the Dow Jones Industrial average vaulted 208 points, or 0.5%, to 45,017.

Futures for the S&P 500 took on 18.75 points, or 0.3%, to 6,082

Futures for the NASDAQ Composite Index surged 137.75 points, or 0.7%, to 21,419.25.

Salesforce climbed 13% after the company posted fiscal third-quarter revenue that beat estimates. Chipmaker Marvell also beat earnings expectations and issued strong fourth-quarter guidance, advancing 13%.

Wall Street is coming off a mixed session, with the S&P 500 and NASDAQ eking out small gains to record levels, while the Dow fell slightly.

On Wednesday, traders will review the ADP private payrolls report for November, which is expected to show growth of 163,000 positions, per economists polled by Dow Jones. The S&P Global U.S. Services Purchasing Managers’ Index, factory orders and durable goods are also slated for release.

In Japan, the Nikkei 225 inched up 0.1% Wednesday, while in Hong Kong, the Hang Seng hesitated 3.86 points.

Oil prices docked 13 cents to $69.81 U.S. a barrel.

Gold prices lost $2.10 to $2,665.80 U.S. an ounce.

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