Power Breakfast: Dow Jumps Over 300 Pts As Feds Bostic Spurs Relief Rally, Salesforce Shares Soar 16% On Strong Profit Forecast

After a weak start, the US market showed a strong rebound. The Dow jumped over 300 points. Whereas, the Nasdaq rose over 80 points. The Atlanta Fed President is confident of raising interest rates by 0.25%. Weekly unemployment claims in the US stood at 1.9 lakh, the estimate was 1.95 lakh. Shares of Salesforce jumped 11% on strong quarterly results and better guidance. At the same time, Tesla's stock declined by 6%.