From Kiplinger · · 1m 20s
Stocks Churn Ahead of CPI, Earnings Season
Stocks mixed Monday as CPI data and earnings season loom.
In brief
Stocks mixed Monday as CPI data and earnings season loom. Stocks closed mixed ahead of September CPI report and earnings season with Salesforce rising on upgraded ratings. Originally reported by Kiplinger.
Stocks closed mixed
Stocks closed mixed Monday with no earnings or economic reports scheduled for release.
Salesforce climbs 2.1%
Salesforce rose 2.1% after BofA Securities upgraded its rating to Buy from Underperform.
Salesforce price target raised
Salesforce's price target was raised from $160 to $285 by BofA Securities analyst Tal Liani.
Salesforce down 12% year to date
Salesforce has fallen 12% year to date and hasn't traded near $285 since May 2025.
AI strategy deepens platform dependence
Liani states AI should deepen dependence on platforms and large enterprises are unlikely to replace them.
Bull market celebrates fourth anniversary
The current bull market marks its fourth anniversary with the S&P 500 up 118% on a price return basis.
S&P 500 and Nasdaq slightly lower
The S&P 500 and Nasdaq Composite finished slightly lower Monday at 7,807 and 27,245 respectively.
CPI data could trigger volatility
September CPI data could spark near-term market volatility as inflation remains high.
Earnings season begins this week
Earnings season starts this week with Johnson & Johnson and JPMorgan Chase leading the calendar.
What it means
Stocks closed mixed ahead of September CPI report and earnings season with Salesforce rising on upgraded ratings.
