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.
On August 27, the stock market showcased a significant surge in Salesforce's shares, which closed at $252.10, marking a remarkable 22.60% increase from the previous session. This upward momentum was fueled by the company's impressive Q2 earnings report, its positive full-year guidance revision, and the formation of a fresh AI partnership. The trading volume for Salesforce's shares reached an impressive 53.3 million shares, a staggering 246% above the company's three-month average of 15.4 million shares.
Following its strong performance, Salesforce's peers in the enterprise software and customer relationship management (CRM) sectors also experienced a notable upward trajectory. ServiceNow (NYSE:NOW) soared to $138.44, up 10.05%, while Workday (NASDAQ:WDAY) climbed to $193.57, up 1.48%. These gains underscored the broad enthusiasm for large-cap software companies in the market, with investors closely monitoring Salesforce's next earnings report and the potential impact of its AI-related revenue growth.
It's worth noting that Salesforce IPO'd in 2004 and has since achieved an astounding 5,763% increase in stock price since going public. The broader market also participated in the rally, with the S&P 500 (SNPINDEX:^GSPC) closing at 7,730, up 0.71%, and the Nasdaq Composite (NASDAQINDEX:^IXIC) finishing at 26,541, up 1.57%.
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