New York (AP) – Tesla, IBM and Meta platforms helped lead most American actions above Thursday following a rush of the profit reports of a few of the most influential business.
The S&P 500 increased by 0.5%, because four out of five shares in the index climbed. The industrial average of Dow Jones added 168 points, or 0.4%, and the composite Nasdaq won 0.3%.
Meta platforms helped push higher clues after the 1.6%increase. The company behind Facebook and Instagram achieved better profit for the end of 2024 than analysts provided for it. Perhaps just as important for the market, he also talked about his artificial intelligence efforts and said he would continue to invest in space.
Who calmed some of the concerns created by a Chinese upstart, In depthWhen he said that he has developed a wide language model capable of competing with the best in the world, without having to use high -flying fleas. This raised questions about the question of whether all the investments were waiting for the ia fleas, data centers And electricity is really necessary and sent a Shock through markets at the start of the week.
AI boom was one of the main reasons for the United States Run to repeated records in recent yearsand the threat struck actions like Nvidia particularly hard. The flea company which has become the symbol of the frenzy of the AI spent most of Thursday below, but it ended with a 1% gain and was one of the strongest forces lifting The S&P 500.
Microsoft was to keep the indices in check, which dropped by 6.2%. The Redmond -based software giant, based in Washington, exceeded analysts’ expectations for the last quarter, but the accent was rather on the slowest than expected growth in its cloud computing activity, which is a piece mistress of his efforts as IA.
Microsoft CEO Satya Nadella also continued to talk about AI after Deepseek disturbance.
“Deepseek has had real innovations,” he said, and it is good to have efficiency gains and prices lower than the development of AI because that “means that people can consume more and that ‘There will be more written applications “.
The pressure concerns companies to continue to make stronger benefits. This would help them compensate for the downward force that their share of the shares felt Climbing returns on the bond market recently. When bonds pay more interest, investors are not also willing to pay high prices for stocks.
Treasury yields have climbed in the middle of fears Inflation can remain obstinately above The 2% objective of the federal reserve. A solid American economy and is worried about price And other policies potentially from President Donald Trump were some of the reasons for the increase.
Treasury yields held relatively stable Thursday after a report indicated the The American economy developed at a solid pace At the end of 2024, but slightly slower than economists awaited him. The 10 -year -old treasure yield decreased to 4.52% against 4.53% on Wednesday evening.
The report showed a “Goldilocks” economy at the turn of the year, the one that was neither too hot nor too cold, according to Gregory Daco, chief economist at EY. But he warned that many Washington uncertainties could change things, including what it does with tax rates, prices and immigration.
Yields felt pressure down after the The European Central Bank has reduced its main interest rate In the hope of stimulating the stagnant economy of the region.
In Washington, the federal reserve had also reduced its main rate since September to help the American economy, but it has chosen to Hold stable Wednesday. The president of the Fed, Jerome Powell, said that he should probably see more evidence of a slowdown in inflation or in the US labor market to further reduce rates.
At Wall Street, Tesla increased by 2.9% more, even if Elon Musk’s electricity company declared a lower profit for the last quarter that analysts were waiting for it. Musk said Tesla will offer unleashed technology not monitored to her customers as a paid service from Austin in June.
IBM joined 13% after beating the expectations of for -profit analysts. CEO Arvind Krishna underlined his growing book by AI -generating companies and said IBM expects its overall income to increase at least 5% this year.
At the losing end of Wall Street was UPS, which dropped by 14.1% despite the expectations of for -profit analysts. The parcel delivery company said its largest client, Amazon, would reduce its volume by more than 50% by the second half of 2026.
American Airlines fell 2.5% in its first trading after a Crash involving an American Eagle flight and an army helicopter Just outside Washington. The cause of the open -air collision on Wednesday evening is the subject of an investigation.
All in all, the S&P 500 won 31.86 points at 6,071.17. The industrial average of Dow Jones increased from 168.61 to 44,882.13, and the Nasdaq Composite added 49.43 to 19,681.75.
In stock markets abroad, the indices increased in a large part of Europe after the Nikkei 225 in Japan added 0.3%. Several Asians have remained closed for the new year lunar holidays.
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Commercial editors at Yuri Kageyama and Matt Ott contributed.
