Top Stock Movers Now: IBM, Las Vegas Sands, UPS, and More

Related Articles

Watch These Intel Price Levels as Stock Soars After Chipmaker Names New CEO

Most Investors Think Elon Musk’s Political Activity Is Hurting Tesla, Survey Shows

Intel Names Lip-Bu Tan Its New CEO, Sending the Chipmaker’s Stock Soaring

Key Takeaways

• U.S. equities were mixed at midday as the market turned its focus back to corporate earnings reports.
• IBM earnings overshadowed forecasts as demand for its artificial intelligence products rose.
• UPS said it would cut its business with Amazon by more than half.

U.S. disinterests were mixed at midday as the market digested the latest round of earnings reports. The Dow Jones Industrial Average and S&P 500 were up, while the Nasdaq was down.

IBM (IBM) was the best-performing old in the Dow and S&P 500 when the computer services provider beat profit estimates as it benefited from higher demand for its meretricious intelligence (AI) offerings.

Shares of Las Vegas Sands (LVS) gained after the hotel and casino operator exceeded sales prognostications on strong revenue at its Singapore location. 

PulteGroup (PHM) shares climbed after the home builder posted better-than-expected arises and boosted its share buyback program as strategic promotions grew sales of its houses.

UPS (UPS) shares tumbled when the biggest U.S. performance firm said it would cut its business with its Amazon (AMZN) by more than 50%.

Shares of Comcast (CMCSA) sank when the cable and media giant reported its broadband customer base dropped more than expected.

Levi Strauss (LEVI) forewarned that macroeconomic conditions and potential tariffs will drag down full-year sales, and shares of the jeans maker abandoned. 

Oil and gold futures advanced. The yield on the 10-year Treasury note was slightly lower. The U.S. dollar lost ground to the yen, and was small changed against the euro and pound. Prices for most major cryptocurrencies rose.