Stocks fluctuated Thursday as shares of tech companies struggled following mixed earnings and as Wall Street awaited Apple’s quarterly report.These stocks were making moves Thursday:Tesla reported fourth-quarter adjusted earnings of 73 cents a share,
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%.
Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports
Lam Research issued better-than-expected guidance for the current quarter. For its current quarter, the maker of equipment for semiconductor manufacturing forecast per-share earnings between 90 cents and $1.
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.
The tech sector, particularly Nvidia ( NASDAQ: NVDA) and other chipmakers, is under heightened scrutiny after disruption in the AI industry by Chinese startup DeepSeek triggered a market selloff on Monday. The selloff represented “a correction,” and was “not the start of a sustained bear market,” Goldman Sachs said Wednesday.
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.
On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Mr Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.
Microsoft (MSFT), Meta Platforms (META), IBM (IBM), and Tesla (TSLA) reported their latest earnings results on Wednesday. The latest data found that US GDP growth (gross domestic product ...
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.
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