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The major averages were sharply lower near noon as investors digest the first wave of megacap technology earnings, with concerns over accelerating artificial intelligence spending outweighing otherwise solid quarterly results. Meanwhile, Treasury yields and oil prices are climbing, adding pressure to equity markets. Oi
IBM sees FY rev. At constant FX +4% to +5%, saw above +5%
$IBM IBM Q2 Earnings & FY Outlook
Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. Attention was also focused on the
Stocks moved higher after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. The S&P 500 and Nasdaq 100 were the leaders to the upside near