Key Takeaways

• U.S. equities rose at midday, with the S&P 500 and Nasdaq trading at record highs, as tech stocks powered the advance.

• Salesforce said its results are being driven by excitement over its artificial intelligence-powered platform.

• Campbell's CEO is leaving the food company to become president of the NFL's Washington Commanders.

U.S. equities were higher at midday, with the S&P 500 and Nasdaq trading at all-time highs, as tech stocks drove the market gains. The Dow Jones Industrial Average was up as well.

Salesforce (CRM) was the best-performing stock in the Dow and S&P 500 on demand for the business software provider's Agentforce artificial intelligence (AI)-powered platform.

Shares of JetBlue Airways (JBLU) took off when the airline said a post-election travel bump would boost its current-quarter and full-year revenue.

Okta (OKTA) shares jumped when the business security software provider posted better-than-anticipated results and current quarter guidance on a jump in subscription revenue.

Campbell's (CPB) shares declined when CEO Mark Clouse announced he was leaving to become president of the NFL's Washington Commanders and the company reported mostly weaker-than-expected results.

Shares of General Motors (GM) dropped when the automaker said it was taking more than $5 billion in non-cash charges and write-downs for a restructuring of its struggling Chinese joint venture with SAIC Motor Corporation.

Foot Locker (FL) shares tanked when the athletic shoe retailer cut its guidance, warning of softer consumer demand and the need to offer promotional items.

Oil futures fell. Gold prices advanced. The yield on the 10-year Treasury note slipped. The U.S. dollar climbed versus the yen, but lost ground to the euro and pound. Bitcoin slipped 1% to trade under $95,000.

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