U.S. Stocks Mixed as Tech Giants Report Earnings
U.S. stocks traded mixed in afternoon trading on Thursday as investors digested financial results from leading technology companies.
Market Summary:
* Nasdaq Composite (^IXIC) up 0.3%
* S&P 500 (^GSPC) up 0.5%
* Dow Jones Industrial Average (^DJI) up nearly 0.4%
Tech Earnings Impact:
* Microsoft (MSFT) shares fell 6% after weaker-than-expected cloud revenue.
* Meta Platforms (META) reported better-than-expected earnings, buoying its stock.
* Tesla (TSLA) ticked higher despite an earnings miss, with investors optimistic about its vow to return to growth.
Other News:
* President Trump's renewed threat of tariffs on Mexico and Canada sent the U.S. dollar index higher.
* The Bureau of Economic Analysis reported slower-than-expected U.S. economic growth of 2.3% in the fourth quarter.
* American Airlines CEO expressed condolences after a fatal plane crash near Washington, D.C.
* Apple (AAPL) is expected to release its earnings after the closing bell.