Wednesday will be one of the last big days for earnings, with retailers Foot Locker (FL) and Dollar Tree (DLTR) reporting before the market open. After the close, investors will get quarterly reports from Salesforce (CRM) and Okta (OKTA). Okta's report will be heavily scrutinized given a cyber security breach that occurred last month. On the economic front, the Federal Reserve will release its latest Beige Book and in the morning, investors will get the latest read on third quarter GDP. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Cyber Monday sales hit an all-time high, amounting to a record $12.6 Billion in consumer spending, a 3% year-over-year increase. Salesforce (CRM) Vice President and General Manager of Retail Rob Garf credits the “resilient shopper” — who was strategic about sales and didn’t “bite” on early holiday shopping promotions — for this feat. Garf tells Yahoo Finance that as holiday shopping continues, retailers appear to be positive and expect “really good footing” with inventory levels and profit forecasts through the end of the holiday season. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
SAN FRANCISCO, November 29, 2023--Salesforce (NYSE: CRM), the #1 AI CRM, today unveiled its 2023 Cyber Week figures, analyzing shopping data from over 1.5 billion shoppers across its Salesforce Customer 360 platform (including 29 of the top 30 U.S. online retailers). Overall global sales were up 6% year over year (YoY), hitting $298 billion, with U.S. sales reaching $70.8 billion and increasing 5% YoY.