US stocks begin June on positive note

• US stocks on Wall Street started the month of June on a positive note.
• Salesforce shares soared more than 13% after the software giant.
• The Dow Jones Industrial Average was up 0.1 percent at 33,034.24 in early trading.

US stocks on Wall Street started the month of June on a high note Wednesday, rising early in the session on positive announcements from Salesforce and Delta.

Salesforce shares soared more than 13% higher after the software giant reported better-than-expected earnings and described consumer demand as robust.

Delta Air Lines, meanwhile, fell 2.1 percent, even as it described “strong” market conditions and demand despite the drag from higher fuel costs.

Read More: US stocks climb ahead of Fed minutes

Rising prices have weighed on stocks throughout 2022, prompting the Federal Reserve to aggressively move to tighten monetary policy.

About 20 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 33,034.24.

The broad-based S&P 500 gained 0.4 percent to 4,147.66, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 12,206.98.

The Fed is due later Wednesday to release a report on economic conditions, while the Institute for Supply Management will release a report on the manufacturing sector.

Previously US stocks were

Wall Street stocks dropped, putting the week’s gains in jeopardy ahead of a critical job, consumer confidence, and business mood surveys.

Following a long period of decline in 2022, major indices suddenly rose sharply last week, owing in part to bargain hunting.

Read More: US stocks open trading week back in the red

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