{"id":56869,"date":"2025-12-03T17:38:26","date_gmt":"2025-12-03T21:38:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/markets-rally-as-automakers-eye-billions-in-savings-salesforce-beats-eps\/56869\/"},"modified":"2025-12-03T17:38:26","modified_gmt":"2025-12-03T21:38:26","slug":"markets-rally-as-automakers-eye-billions-in-savings-salesforce-beats-eps","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-rally-as-automakers-eye-billions-in-savings-salesforce-beats-eps\/56869\/","title":{"rendered":"Markets Rally as Automakers Eye Billions in Savings, Salesforce Beats EPS"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. major stock indices closed higher<\/strong>, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DJI\">DJI<\/a>) leading gains, rising 0.89%<\/strong> to 47,897.79 points.<\/li>\n<li>Automakers are projected to <strong>save over $35 billion through 2031<\/strong> under revised fuel economy rules from the U.S. Department of Transportation (USDOT).<\/li>\n<li><strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) exceeded adjusted earnings per share (EPS) estimates<\/strong> for Q3 2025, reporting <strong>$3.25<\/strong> against an estimated <strong>$2.86<\/strong>, though revenue slightly missed forecasts.<\/li>\n<li>Senator Ted Cruz announced that a <strong>panel will hold a hearing with Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong>, signaling potential regulatory scrutiny for the electric vehicle manufacturer.<\/li>\n<\/ul>\n<p>U.S. equity markets concluded the trading day on a positive note, with all three major indices posting gains. The <strong>Dow Jones Industrial Average (<a href=\"\/stock\/DJI\">DJI<\/a>)<\/strong> surged by <strong>423 points (0.89%)<\/strong> to close at <strong>47,897.79<\/strong>. The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> also advanced, adding <strong>21.94 points (0.32%)<\/strong> to reach <strong>6,851.31<\/strong>, while the <strong>NASDAQ<\/strong> finished up <strong>42.98 points (0.18%)<\/strong> at <strong>23,456.65<\/strong>.<\/p>\n<p>Significant developments emerged from the automotive sector, where the <strong>USDOT<\/strong> announced revised fuel economy rules expected to save automakers <strong>over $35 billion through 2031<\/strong>. This comes as former President Trump attributed increased investment in U.S. auto firms partly to tariffs, and he specifically praised <strong>Ford&#39;s (<a href=\"\/stock\/F\">F<\/a>) F-150<\/strong> truck. Meanwhile, electric vehicle giant <strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> faces an upcoming panel hearing, as confirmed by Senator Ted Cruz. The new fuel economy standards will require an average light-duty vehicle fuel economy of approximately <strong>50.4 miles per gallon by model year 2031<\/strong>, saving consumers over <strong>$23 billion in fuel costs<\/strong> through 2050.<\/p>\n<p>In corporate earnings news, <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> reported its <strong>Q3 2025 results<\/strong>, showcasing an adjusted EPS of <strong>$3.25<\/strong>, which comfortably beat analyst estimates of <strong>$2.86<\/strong>. However, the company&#39;s revenue came in slightly below expectations at <strong>$10.26 billion<\/strong> against an estimated <strong>$10.28 billion<\/strong>. Subscription &amp; Support Revenue met estimates at <strong>$9.73 billion<\/strong>. Looking ahead, <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> provided Q4 revenue guidance between <strong>$11.13 billion and $11.23 billion<\/strong>, exceeding the estimated <strong>$10.91 billion<\/strong>, and projected Q4 adjusted EPS of <strong>$3.02 to $3.04<\/strong>, aligning with the <strong>$3.03<\/strong> estimate.<\/p>\n<p>In other political news, former President Trump indicated that <strong>Witkoff<\/strong> had a &quot;reasonably good&quot; meeting with <strong>Putin<\/strong> but stated he could not predict the outcome of the talks. Trump also mentioned his intention to release any available boat-strike footage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. major stock indices closed higher, with the Dow Jones Industrial Average (DJI) leading gains, rising 0.89% to 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