Live Markets: Wall Street rose slightly with mixed earnings in focus
23/10/2025 15:32
Updates with post on U.S. markets
Main US equity indexes rise up; Nasdaq leads with 0.3% advance
Energy leads sector gains, consumer discretionary falls most
Euro STOXX 600 index up ~0.3%
Dollar, edges up, gold rises >1%; bitcoin up 1.5%; crude rallies ~5%
US 10-Year Treasury yield rises to ~3.99%
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WALL STREET ROSE SLIGHTLY WITH MIXED EARNINGS IN FOCUS
Wall Street's main indexes were advancing modestly on Thursday with earnings season bringing some mixed results while investors waited for Friday's September inflation reading as the government shutdown dragged into its 23rd day.
Shares in IBM IBM.N were down 5% after it recorded a slowdown in growth in its key cloud software segment, overshadowing estimate-beating third-quarter sales and profit on booming AI-driven demand for its new mainframe.
Tesla TSLA.O shares gapped down 4% and eyed their third straight day of losses as its profit failed to live up to analyst expectations for the fourth quarter in a row even though revenue beat the Street as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.
Separately, the U.S. National Highway Traffic Safety Administration (NHTSA) said Tesla is recalling 63,619 Cybertruck vehicles in the U.S. as parking lights that are too bright can reduce visibility of oncoming drivers, increasing the risk of a crash.
Tesla and IBM were the biggest drags on the S&P 500 .SPX.
Also, Molina Healthcare MOH.N shares fell 20% and was the biggest decliner in the healthcare index .SPXHC after the insurer cut its annual profit forecast for the third time this year, driven by higher medical costs on its government-backed plans. The results dragged down shares of other companies including Centene CNC.N and Oscar Health OSCR.N .
On the other hand, American Airlines AAL.O shares rose 4% after it raised its 2025 profit forecast, signaling that industry-wide capacity cuts after a demand slump earlier this year had begun to yield pricing gains.
And Honeywell HON.O on Thursday raised its 2025 profit forecast even with a planned separation of its advanced materials unit, on strong aerospace demand, sending its shares up 5% making it the Dow's .DJI biggest percentage gainer.
Of the 11 S&P 500 industry sectors, energy .SPNY was gaining the most while consumer discretionary .SPLRCD was falling the most.
Here is your snapshot from 10:13 a.m ET/ 1413 GMT:
(Sinéad Carew)
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IXIC10232025 https://fingfx.thomsonreuters.com/gfx/buzz/jnvwbqrzwpw/Nasdaq10232025.png
SPX10232025 https://fingfx.thomsonreuters.com/gfx/buzz/bypreznamve/SPX10232025.png
Nasdaq, S&P 500 rise modestly https://fingfx.thomsonreuters.com/gfx/mkt/lgpdarewjvo/Pasted%20image%201761228699400.png