KEY TAKEAWAYS 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.

The Dow and S&P 500 are near all-time highs early Friday as Apple stock flashes a buy signal. Deckers and Atlassian diverged on earnings.

Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged

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.

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

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%.

IBM stock popped as Q4 earnings and revenue topped Wall Street estimates while 2025 free cash flow guidance came in above expectations.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies. The S&P 500 climbed 0.5%