IBM shares jumped 13% to lead S&P 500 gainers Thursday, a day after the company posted fourth-quarter results that topped analysts' estimates as its artificial intelligence (AI)-enabled business surged.
Key Takeaways The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.Las Vegas Sands shares pushed higher as the casino operator topped sales forecasts,
The S&P 500 was muted on Thursday as losses in tech heavyweights Microsoft and Nvidia countered earnings-led gains for Meta and Tesla, while investors parsed a slew of corporate earnings a day after the U.
IBM stock, with 45% returns since the beginning of 2024, has outperformed the S&P 500 index, up 27%. Strong demand trends for its software business has driven its stock price growth lately. But, if you want upside with a smoother ride than an individual stock,
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.
Meta and Tesla rise as Microsoft slumps, keeping US indices mixed. Investors await Apple and Amazon earnings while GDP and Fed policy weigh on sentiment.
IBM is giving the market a blast from the past today as shares surged in reaction to earnings. IBM has fallen out of its Tech leadership role over the years. The current leaders of the S&P 500 account for a much larger share of market cap and hence have a much greater impact on the index's performance.
IBM surges 13% on strong earnings while Microsoft drops 6.2% on weak guidance. Gold, utilities and semiconductor stocks rally. Treasuries rise, pushing yields lower.
U.S. stocks traded mostly higher on Thursday following the latest batch of corporate earnings and U.S. economic reports. The Dow and S&P 500 were trading higher, but the Nasdaq Composite sank as weakness in a handful of key tech stocks weighed on the index.
The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed. The Dow Jones Industrial Average added 168 points, or 0.4%, and the Nasdaq composite gained 0.3%.
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
IBM stock popped as Q4 earnings and revenue topped Wall Street estimates while 2025 free cash flow guidance came in above expectations.