Salesforce.com stock providing an 80-point boost to the Dow's price

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Shares of Salesforce.com Inc. (CRM) are surging 4.7% toward a near one-year high in morning trading Thursday, in the wake of a big second-quarter profit beat and another raised outlook. The customer-relationship management company’s stock is one of just five of the Dow Jones Industrial Average’s 30 components that are gaining ground. The $12.12 price gain was adding about 80 points to the Dow’s price, while the Dow was down 129 points, or 0.4%. The price gain was the biggest for the stock since May 28, the day after the company reported first-quarter results. The stock, on track for the highest close since Sept. 2, 2020, has rallied 18.9% over the past three months while the Dow has tacked on 2.8%.

-Tomi Kilgore

 

(END) Dow Jones Newswires

08-26-21 1109ET

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