Stock Market Today: Dow Closes Higher as Salesforce Pops

Salesforce was the best Dow Jones stock today on news ValueAct Capital increased its stake in the SaaS firm.

Salesforce blue cloud logo on display at the Mobile World Congress in Barcelona 2024
(Image credit: Joan Cros/NurPhoto via Getty Images)

Stocks struggled for direction Thursday as anticipation built ahead of tomorrow's key jobs report. This week's labor market updates have lifted expectations for a September rate cut, making Friday morning's release of the latest payrolls data even more important.  

Today, though, weekly jobless claims were in focus. According to the Labor Department, initial claims rose by 8,000 last week to a seasonally adjusted 229,000 – their highest level in a month and more than economists were expecting. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.

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