U.S. stock indexes remained flat on Thursday as losses in IBM\u2019s earnings impacted technology shares.
The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.
Eight of the 11 major S&P 500 sectors were trading lower, with technology stocks weighing the most.
IBM tumbled 6.8% after it missed market estimates for Q3 revenues as its managed infrastructure business suffered from a decline in orders.
Investors are keeping a close eye on growth outlook from companies facing rising costs, labor shortages and supply chain disruptions, with analysts expecting profit of S&P 500 companies to rise 33.7% from a year earlier.
Tesla erased early declines to rise 2.4% as investors digested the electric vehicles maker’s upbeat earnings, despite the company warning of supply-chain hurdles.
Other mega cap stocks including Facebook Inc, Apple Inc and Amazon.com Inc were mixed by early trading.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. stock indexes remained flat on Thursday as losses in IBM\u2019s earnings impacted technology shares. The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.Eight of the 11 major S&P 500 sectors were trading …<\/p>\n","protected":false},"author":13,"featured_media":53211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7270,7113,7855,516,7474,7442,6862],"class_list":["post-53206","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dowjones","tag-earnings","tag-ibm","tag-sp-500","tag-tech","tag-us-shares","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53206"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53206\/revisions"}],"predecessor-version":[{"id":53212,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53206\/revisions\/53212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53211"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}