(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Salesforce ( CRM ) jumps after beating Q3 revenue estimates

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November ADP private payrolls at 146,000 versus 150,000

estimate

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ISM non-manufacturing PMI at 52.1 in November, below

estimates

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Indexes up: Dow 0.53%, S&P 500 0.37%, Nasdaq 0.88%

(Updates with mid-session trading)

By Shashwat Chauhan and Purvi Agarwal

Dec 4 (Reuters) - Wall Street's main indexes climbed on

Wednesday, with the S&P 500 and the Nasdaq touching record highs

driven by gains in technology stocks, while investors awaited

comments from U.S. Federal Reserve Chair Jerome Powell later in

the day.

Crucial jobs data is due on Friday and investors are

shoring up bets on a third consecutive interest-rate cut at the

central bank's Dec. 17-18 meeting.

Salesforce ( CRM ) provided the biggest boost to the

blue-chip Dow on the day, jumping 8.8% to an all-time high after

the enterprise cloud company beat Street estimates for

third-quarter revenue and raised the lower end of its annual

revenue forecast.

Other cloud companies also jumped, with ServiceNow ( NOW )

and Datadog ( DDOG ) adding 5.6% each.

Information Technology stocks hit a record high,

buoyed by gains in megacaps such as Microsoft ( MSFT ) and

Nvidia ( NVDA ).

Marvell Technology ( MRVL ) advanced 21.6% to a record high

after the chipmaker forecast fourth-quarter revenue above

analyst estimates, while the broader Semiconductor index

rose 1.6%.

"Numbers from technology (Salesforce ( CRM ) and Marvell ( MRVL )) once again

were pretty amazing and it just seems that we can continue to

grow and hit these earnings. These numbers continue to give the

tech rally legs," said JJ Kinahan, CEO at IG Group North

America.

U.S.

private payrolls

showed a modest increase in November, while annual wages

for workers staying in their jobs edged higher for the first

time in 25 months.

Separately, a survey from the Institute for Supply

Management showed U.S. services sector activity slowed in

November after logging big gains in recent months, while the

final reading of the S&P services survey was revised lower to

56.1.

At 11:31 a.m. ET, the Dow Jones Industrial Average

rose 235.16 points, or 0.53%, to 44,940.69, the S&P 500

gained 22.58 points, or 0.37%, to 6,072.46, and the Nasdaq

Composite added 171.83 points, or 0.88%, to 19,652.74.

The CBOE Market Volatility Index, Wall Street's fear

gauge, briefly dipped below 13 points for the first time since

July.

The Fed's Beige Book, the central bank's U.S. economic

activity survey report, is scheduled for release at 2:00 p.m.

ET.

St. Louis Fed President Alberto Musalem spoke on the day,

joining other Fed officials this week in signaling support for

further rate cuts, but none pushed strongly for or against

another reduction.

U.S. stocks had a solid November after President-elect

Donald Trump's victory in the Nov. 5 election and his Republican

Party sweeping both houses of Congress.

Drugmaker Eli Lilly was up nearly 3% after its

weight-loss drug Zepbound topped rival Wegovy in a head-to-head

study.

Advancing issues outnumbered decliners by a 1.2-to-1 ratio

on the NYSE, and by a 1.36-to-1 ratio on the Nasdaq.

The S&P 500 posted 23 new 52-week highs and five new

lows, while the Nasdaq Composite recorded 115 new highs and 74

new lows.