Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country's most influential companies
DeepSeek's sudden emergence is shaking up the tech scene. That could be good news for small startup companies.
U.S. stock futures point mostly higher as investors react to corporate earnings, Apple is slated to report results after the bell, and Tesla stock gains after the company delivers an upbeat update on its Full Self-Driving technology.
IBM (IBM) and Wolfspeed (WOLF) are attracting attention in the options pits after reporting quarterly earnings results
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business.
TSLA, META, MSFT, IBM, NVDA were among the stocks that dominated investor attention on the day Federal Reserve chose to keep the interest rates steady.
The Dow Jones and S&P 500 pulled ahead on the stock market today. Tesla climbed while Microsoft sold off following earnings reports.
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S&P 500 futures are up 0.5%. Dow Jones Industrial Average futures are gaining 0.4%. Nasdaq 100 futures are rising 0.7%. On Wednesday, the Dow Jones Industrial Average fell 137 points, or 0.31%, to 44,
IBM shares are jumping 8% after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations — helped by a jump in software sales and AI-related demand. Lam Research stock is gaining nearly 6% after the maker of equipment for semiconductor manufacturing issued better-than-expected guidance for the current quarter.
IBM reported a 1% rise in revenues overall, while its software unit grew 10% on a year-over-year basis amid growing demand for artificial intelligence and its operating system known as Red Hat Linux. CEO Arvind Krishna also said that the company posted $5 billion in bookings for its generative AI segment.