Stock Market Today, Aug. 27: Salesforce Surges 23% on Anthropic Partnership and Q2 Earnings Beat
Today, Aug. 27, 2026, the cloud software giant's stock jumped 22.6% after record quarterly results and lifted fiscal 2027 outlook, sparking broad enthusiasm across enterprise software peers.
Overview
Salesforce (NYSE:CRM), a cloud CRM and AI-powered enterprise software provider, closed at $252.10, up 22.60% Thursday. The move followed a strong Q2 earnings beat, raised full-year guidance, and fresh AI partnership momentum. Investors are watching Salesforce's next earnings report and AI-related revenue traction. Trading volume reached 53.3M shares, coming in about 246% above its three-month average of 15.4M shares. Salesforce IPO'd in 2004 and has grown 5,763% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,730, up 0.71%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,541, up 1.57%. Among enterprise software and customer relationship management (CRM) applications peers, ServiceNow (NYSE:NOW) closed at $138.44, up 10.05%, and Workday (NASDAQ:WDAY) closed at $193.57, up 1.48%, reflecting broad enthusiasm for large-cap software after Salesforce's results.
Details
Salesforce reported Q2 earnings and soared past Wall Street's expectations as sales and current remaining performance obligations grew 11% and 14%. The company also raised full-year guidance, stating that sales will grow between 11% and 12% this year.
Source
Originally published at www.fool.com.