Stocks sink after weak GDP data, Meta's miss [Yahoo! Finance]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Yahoo! Finance
The Dow Jones Industrial Average fell by triple digits, with the S&P 500 and tech-heavy Nasdaq Composite also seeing sharp pullbacks which accelerated mid-morning. IBM, Caterpillar and Microsoft – which reports earnings after the close of trading – paced the Dow's steep drop, while Merck, United Health and Walmart rose. Google parent Alphabet and Intel will also report results later today. STOCK MARKET SELLOFF HAS FURTHER TO GO: JPMORGAN Mark Zuckerberg's Meta sank more than 14% after weaker-than-expected revenue coupled with rising spending on AI that could push expenses near $100 billion, the company disclosed on Wednesday. ARTIFICIAL INTELLIGENCE: TOP STORIES READ ON THE FOX BUSINESS APP The Dow's drop pushes it further away from its record close of 39,807 reached in late March 2024. BIDEN VOWS TO LET TRUMP'S TAX CUTS EXPIRE Gross domestic product for 2024, so far, rose by 1.6% according to the Commerce Department, falling short of the 2.4% expected by economists.
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- How to Win in Business: Be Right, Be Positive [Yahoo! Finance]Yahoo! Finance
- International Business Machines Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Potential unleashed: How companies can leverage new technologies for safe data sharing [Yahoo! Finance]Yahoo! Finance
- Potential unleashed: How companies can leverage new technologies for safe data sharing [Fortune]Fortune
IBM
Earnings
- 4/24/24 - Beat
IBM
Sec Filings
- 5/3/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/25/24 - Form 8-K
- IBM's page on the SEC website