Cloud-based software firm Salesforce Inc CRM.N jumped following news that activist investor Elliot Management Corp has taken a multi-billion dollar stake in the company. Investors are all but certain the Federal Reserve will implement a bite-sized interest rate hike next week even as the U.S. central bank remains committed to taming the hottest inflationary cycle in decades. Financial markets have priced in a 99.8% likelihood of a 25 basis point hike to the Fed funds target rate at the conclusion of its two-day monetary policy meeting next Wednesday, according to CME's FedWatch tool.