salesforce stocks rally gives the dow a lift while selloff in tesla shares weighed on the sp 500 here are some stocks on the move in thursday in the context of a broader stock market that was trading mostly lower tesla inc shares tsla were falling 5 in morning action after traders were disappointed by a lack of detail about new car models and financial projections at the electricvehicle ev makers longawaited investor day on wednesday the stock was among the bigger losers among sp 500 index components and shares in wolfspeed inc wolf which specializes in siliconcarbide chips often used in evs slumped 116 after tesla suggested its next generation cars will cut siliconcarbide use among other big sp 500 decliners on semiconductor corps stock on slid 70 after the chip maker was downgraded at raymond james and shares of hormel foods corp hrl shed 40 after parent of planters skippy and spam branded foods reported fiscal firstquarter profit and sales that missed expectations citing inflationary pressures supply chain inefficiencies and weaker demand going in the opposite direction and helping to support the dow jones industrial average was salesforce inc crm stock in the software company whose recent missteps have caused an 18 decline over the past 12 months and an influx of activist investors soared 124 after delivering betterthanexpected earnings the dow rallied 122 points or 04 while the sp 500 fell 03 and the nasdaq composite index declined 06 while salesforces stock was the sp 500s best performer second best was kroger cos stock kr which rallied 52 after the grocerystore chain reported fiscal fourthquarter profit and samestore sales that beat expectations and provided an upbeat outlook elsewhere silvergate capital corps stock si plummeted 436 enough to pace the nyses decliners as the cryptofriendly lenders delaying of the filing of its annual report and a going concern warning spooked investors identitymanagement software group okta inc okta saw its shares jump 107 after revealing expectationbusting results and forecasts a lower revenue forecast has clobbered shares of snowflake snow which tumbled 147 the data software group said after wednesdays closing bell that it expects 568 million to 573 million in product revenue in the first quarter while the factset consensus called for 582 million a number of retailers reported results before the opening bell on thursday with macys inc m a standout the department store chain beat earnings estimates for the fourth quarter and offered upbeat guidance for fiscal 2023 which boosted its shares 116 big lots incs stock big got a 85 boost after the discount home essentials retailer reported a much narrowerthanexpected fiscal fourthquarter loss which helped offset a miss on sales and a downbeat outlook