S&P 500 rises as Salesforce hits record high ahead of key earnings reports
cnbc.com —
The S&P 500 rose on Monday, continuing its post-election gains, while the Nasdaq remained flat. Key earnings reports from Home Depot and Disney are expected this week, with inflation data also on the agenda. Salesforce shares reached a record high after announcing plans to hire 1,000 new salespeople, signaling increased demand for its AI platform. Jefferies raised its price target for Salesforce, reflecting renewed interest in larger deals. Home Depot is anticipated to report weaker third-quarter results, but the Investing Club plans to buy shares if prices drop post-earnings, expecting a rebound as mortgage rates decline.