economy
Salesforce looks to strengthen its AI platform
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks climbed on Monday after President Donald Trump announced a deal to end the U.S. and Iran war.
- The S&P 500 and Nasdaq saw substantial gains, while the Dow hit a new intraday high.
- Oil prices fell amid expectations of the Strait of Hormuz reopening.
- SpaceX's IPO was the biggest of all time, with shares gaining 15% on Monday.
- Health care, energy, real estate, and staples sectors lagged the market rally.
- Drug stocks may be affected by a new Centers for Medicare and Medicaid Services drug-price negotiation proposal.
- Salesforce announced the acquisition of customer service platform Fin for $3.6 billion to bolster its AI capabilities.
- Johnson & Johnson is investing over $1 billion in its Florida facilities for its Vision business.