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Barchart

Aditya Raghunath

What's Next for the Best Performing Dow Stock of 2023?

Salesforce Dow CRM Dow Jones Industrial Average

Strength in the tech sector has been a huge stock market storyline in 2023, highlighted by the Nasdaq's best first-half performance in decades. This outperformance has spilled over to the Dow Jones Industrial Average ($DOWI), too. The broader Dow is up just 6.3% on the year, while shares of tech-focused component Salesforce Inc (CRM) have surged by 55% this year.

Valued at a market cap of $206 billion, CRM still trades 50% below its all-time highs. As the market's recent outperformers start to pull back, let's see if Salesforce can continue its impressive rally, or if investors should take their profits on this cloud stock.

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