"Salesforce Surge and Inflation Relief Propel Dow to 2023 Peak"

The Dow Jones Industrial Average reached its highest level since 2023, while the S&P 500 and Nasdaq lagged as investors assessed cooling inflation data in light of Federal Reserve monetary policy. The Dow outperformed, boosted by Salesforce's strong earnings report. Tech stocks, led by Nvidia, weighed on the S&P 500 and Nasdaq. Despite this, the S&P 500 is on track for its largest monthly gain since July 2022, and November is set to be the Nasdaq's best month since January. The Commerce Department's Personal Consumption Expenditures report showed expected cooling inflation and consumer spending, reinforcing expectations that the Fed has completed its rate hiking cycle.