Tech stocks pressured by rising oil prices while Salesforce rises
CRM Salesforce Inc
$229.13 +0.58%
View chart & analysis → - 1Tech stocks faced pressure as Brent crude futures rose above $106.
- 2Salesforce shares rose 3.5% after BofA Global Research upgraded the stock two notches from 'underperform' to 'buy'.
- 3S&P 500 corporate earnings are expected to surge 30.6% in the third quarter.
So what's the key point?
Tech companies faced difficulties as oil prices rose above $106. However, Salesforce shares rose 3.5% after experts recommended buying the stock.
Source Reuters · View original ↗
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