Shares of IBM and Nike are posting strong returns Thursday afternoon, lifting the Dow Jones Industrial Average into positive territory. Shares of IBM and Nike have contributed to the index's intraday rally,
Led by strong returns for shares of IBM and Cisco, the Dow Jones Industrial Average is climbing Thursday morning. The Dow is trading 113 points higher (0.3%), as shares of IBM and Cisco have contributed to the blue-chip gauge's intraday rally.
The Dow Jones Industrial Average (DJIA) is up today as the index rallies alongside companies releasing Q4 2024 earnings reports. Many companies
Evercore raised its price tag on IBM stock from $240 to $275, retaining its Outperform rating. Software, however, appears to be the only growth business. It reported $7.9 billion in revenue in Q4, up 10% YoY.
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%.
Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.
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,
S&P 500 futures rise as Meta and Tesla gain, but Microsoft and Caterpillar drag the Dow. US stock market reacts to earnings, GDP data, and Fed outlook.
The Fund seeks to provide investment results that correspond, before expenses, to the price and yield performance of the Dow Jones Industrial Average (the DJIA). The Fund holds a portfolio of the ...
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their postmeeting statement, policymakers noted that inflation remains "somewhat elevated."
Tariff threats from US President Trump hang over the markets. The Dow Jones Industrial Average (DJIA) rose around 250 points on Tuesday at its highest point, climbing one-half of one percent ...
U.S. stocks ended higher on Thursday in a volatile trading session as investors digested earnings reports from a spate of big tech companies and weighed President Donald Trump’s tariff plans. All three major indexes ended in positive territory. How Did The Benchmarks Perform?The Dow Jones Industrial Average (DJI) rose 0.4% or 168.61 points, to close at 44,882.13 points. The blue-chip index is now just 0.3% away from its record close on Dec. 4. The S&P 500 gained 0.5% or 31.86 points, to end at 6,071.17 points. Real estate, utilities, consumer discretionary and consumer staples stocks were the biggest gainers. The Utilities Select Sector SPDR (XLU) added 2.1%, while the Real Estate Select Sector SPDR (XLRE) rose up 1.3%. The Consumer Discretionary Select Sector SPDR (XLY) and Consumer Staples Select Sector SPDR (XLP) gained 1% each. All the 11 sectors of the benchmark index ended in positive territory.The tech-heavy Nasdaq climbed 0.3% or 49.43 points to finish at 19,681.75 points. The fear-gauge CBOE Volatility Index (VIX) was down 4.35% to 15.84. Advancers outnumbered decliners on the NYSE by a 4.1-to-1 ratio. On the Nasdaq, a 2-to-1 ratio favored advancing issues. A total of 13.79 billion shares were traded on Thursday, lower than the last 20-session average of 15.4 billion.Investors Weigh Economic ScenarioThursday saw volatile trading, with stocks giving up some of the gains late in the session after Trump said he would impose a 25% tariff on goods from Mexico and Canada, two of the U.S.’ major trading partners. He also said that the tariffs could take effect as early as Feb. 1. Trump’s tariff plans and their impact on the nation’s economy have been keeping investors on the edge that has seen markets turn volatile lately. Thursday was no different.Investors also digested a spate of mixed earnings reports from some of the big tech companies. Shares of Microsoft Corporation (MSFT) dropped 6.2% after the company gave a weak forecast for its cloud computing business.  However, shares of Tesla, Inc. (TSLA) rose 2.9% despite the company missing on both earnings and revenues. The electric vehicle maker reported earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.75 per share. The company posted revenues of $25.71 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.53%. Shares of International Business Machines Corporation (IBM) jumped 13% after the company reported fourth-quarter 2024 earnings of $3.92 per share, beating the Zacks Consensus Estimate of $3.73 per share. IBM has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Markets are coming off a losing session after the Federal Reserve left interest rates unchanged at the end of its two-day January policy meeting on Wednesday. On Thursday, investors took a cautious approach toward buying after data showed the U.S. GDP grew just 2.3% in the fourth quarter, slower than the previous quarter. Economic DataThe Labor Department reported on Thursday that jobless claims totaled 207,000 for the week ending Jan. 25, decreasing 16,000 from the previous week’s unrevised level of 223,000. The four-week moving average was 212,500, a decrease of 1,000 from the previous week’s unrevised average of 213,500.Continuing claims came in at 1,858,000, a decrease of 42,000 from the previous week’s revised level of 1,900,000. The 4-week moving average was 1,872,000 an increase of 6,000 from the previous week's revised average of 1,866,000. In other economic data, the National Association of Realtors said on Thursday that its Pending Home Sales Index dropped to 74.2, a decline of 5.5% in December from a downwardly revised 78.5 in November. To read this article on Zacks.com click here.