Top Stock Movers Now: JetBlue, GM and Salesforce


JetBlue Airbus A320-200 passenger aircraft spotted taxiing in LaGuardia airport in New York City

Nicolas Economou NurPhoto via Getty Images

What you need to know

  • U.S. equities rose at midday, with the S&P 500 and Nasdaq trading at record highs, as tech stocks powered the advance.
  • Salesforce says its success is driven by the excitement generated over its AI-powered platform.
  • Campbell's CEO is leaving the food company to become president of the NFL's Washington Commanders.

U.S. equities were higher at midday, with the S&P 500 and Nasdaq trading at all-time highs, as tech stocks drove the market gains. Dow Jones Industrial Average also rose.

Salesforce (CRM) was the best-performing stock in the Dow and S&P 500 on demand for the business software provider’s Agentforce artificial intelligence (AI)-powered platform.

JetBlue Airways’ (JBLU), shares soared after the airline announced that a surge in travel following elections would increase its revenue for both this quarter and year.

Okta (OKTA) shares jumped when the business security software provider posted better-than-anticipated results and current quarter guidance on a jump in subscription revenue.

Campbell’s CPB shares fell when Mark Clouse announced his departure to become the president of Washington Commanders, an NFL team. The company also reported weaker results than anticipated.

General Motors shares fell after GM announced that it had taken non-cash write-downs and charges of more than 5 billion dollars for restructuring its Chinese joint-venture with SAIC Motor Corporation.

Foot Locker’s (FL) stock dropped when it cut its forecast, citing a softer demand from consumers and the necessity to provide promotional products.

Oil futures fell. Gold prices increased. The yield of the 10-year Treasury bill dropped. The U.S. Dollar gained ground against the yen but fell to the Euro and Pound. Bitcoin fell 1% and traded below $95,000.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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