Stock Gainers:
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Salesforce Inc.: Shares (CRM, +1.45%) surged over 5% following strong outlook and improved margins from this Dow Jones Industrial Average (DJIA) component. The customer-relations management software giant’s annual confab Dreamforce in San Francisco is just two weeks away.
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Okta Inc.: Shares (OKTA, +2.38%) skyrocketed by 11% as the identity-management software company raised its annual earnings outlook by about a third, defying fears of weak business conditions.
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Pure Storage Inc.: Shares (PSTG, +0.44%) rose by 3% as the company reported earnings that surpassed analyst estimates on both the top and bottom line. Pure Storage also offered third-quarter revenue guidance that exceeded analysts’ forecasts.
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UBS: Shares (UBS, +0.60%) climbed 5% after the Swiss bank announced a $29 billion profit and positive inflows to wealth management in the current quarter.
Stock Decliners:
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Five Below Inc.: Shares (FIVE, +0.15%) experienced a decline of over 5% after the retailer adjusted its guidance due to higher “shrink” than initially expected.
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Chewy: Shares (CHWY, +0.18%) dropped by 5% as the pet products retailer anticipates lower prices in response to weaker demand.
