Wall Street rises as gains in Meta, Tesla offset Microsoft slump
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.
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 (IBM) and Wolfspeed (WOLF) are attracting attention in the options pits after reporting quarterly earnings results ...
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.
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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.
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 ...
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