Markets Rally as Automakers Eye Billions in Savings, Salesforce Beats EPS

Market Performance - U.S. equity markets closed positively, with the Dow Jones Industrial Average (DJI) rising by 423 points (0.89%) to 47,897.79 [2][8] - The S&P 500 increased by 21.94 points (0.32%) to 6,851.31, while the NASDAQ gained 42.98 points (0.18%) to finish at 23,456.65 [2][8] Automotive Sector Developments - The U.S. Department of Transportation (USDOT) announced revised fuel economy rules, projected to save automakers over $35 billion through 2031 [3][8] - The new standards will require an average light-duty vehicle fuel economy of approximately 50.4 miles per gallon by model year 2031, saving consumers over $23 billion in fuel costs through 2050 [3][8] - Former President Trump attributed increased investment in U.S. auto firms partly to tariffs and praised Ford's F-150 truck [3] Corporate Earnings - Salesforce (CRM) reported Q3 2025 results with an adjusted EPS of $3.25, surpassing analyst estimates of $2.86 [4][8] - Revenue for Salesforce was slightly below expectations at $10.26 billion, compared to an estimated $10.28 billion, while Subscription & Support Revenue met estimates at $9.73 billion [4][8] - For Q4, Salesforce provided revenue guidance between $11.13 billion and $11.23 billion, exceeding the estimated $10.91 billion, and projected Q4 adjusted EPS of $3.02 to $3.04, aligning with the $3.03 estimate [4]