Dow Jones Today: S&P 500, NASDAQ Hit New Highs, Dow Drops
Digest more
Stock futures are slightly higher Friday morning at the end of a busy week of earnings reports and trade-related news.
U.S. stocks closed mixed on Thursday with the Fear and Greed Index declining, while Alphabet and Tesla reported financial results.
The S&P 500 and the Nasdaq Composite ended Thursday's session with fresh record closes after scoring new all-time intraday highs earlier in the trading day. The broad market index closed 0.07% higher to end at 6,363.35, while the tech-heavy Nasdaq inched up 0.18% to finish at 21,057.96.
US stock market today saw mixed action as the Dow Jones dropped while the S&P 500 and Nasdaq inched higher, driven by strong Alphabet earnings and cautious outlook from Tesla. Alphabet jumped over 3% after boosting its AI investment,
Dow Jones pulled back as IBM declined by 7.8%. The stock suffered a sell-off despite the better-than-expected quarterly report. The company’s software revenue missed analyst estimates.
Friday after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped offset a steep tumble for EV-maker Tesla.
Shares of Tesla fell Thursday, a day after the company said electric vehicle sales continued to decline. Chief Executive Elon Musk said on the earnings call that the EV business is slumping while its autonomous vehicle business hasn't taken off yet. "We probably could have a few rough quarters. I'm not saying we will, but we could," Musk said.
1d
Investor's Business Daily on MSNDow Jones Futures: Tesla Earnings Fall, Elon Musk Sees 'Rough' Quarters; Trump Trade Deals Lift Stock Market
The S&P 500 hit a high on Trump trade deals. Tesla fell late as Elon Musk sees "rough quarters." Google rose on earnings.