The S&P 500 and the Nasdaq Composite ended Thursday's session with fresh record closes after scoring new all-time intraday highs earlier in the trading day. The broad market index closed 0.07% higher to end at 6,363.35, while the tech-heavy Nasdaq inched up 0.18% to finish at 21,057.96.

S&P 500 and Nasdaq hit record highs, helped by Alphabet's results and raised spending plan. Dow falls. Earnings, trade deals, Fed's Powell in focus

Dow Jones pulled back as IBM declined by 7.8%. The stock suffered a sell-off despite the better-than-expected quarterly report. The company’s software revenue missed analyst estimates.

The S&P 500 and the Nasdaq hit record highs on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight AI stocks, but Tesla slumped after the electric vehicle maker's results disappointed investors.

U.S. stock futures moved in different directions on Thursday, with enthusiasm for a potential U.S.-EU trade agreement supporting hopes for new market highs, even as investors reacted to quarterly results from tech giants Alphabet (NASDAQ:GOOG) and Tesla (NASDAQ:TSLA).

Wall Street kicked off Thursday with a split mood, as US stock market futures painted a mixed picture ahead of the opening bell. The S&P 500 held steady near record highs, the Nasdaq pushed higher on the back of red-hot AI enthusiasm,

The S&P 500 and Nasdaq reached record highs, driven by technology stocks, despite the Dow's losses due to underperforming UnitedHealth, IBM, and Honeywell stocks. The market reacted to various geopolitical and economic developments,

Alphabet’s earnings beat lifts tech stocks, boosting the Nasdaq 100, while IBM drags down the Dow. US indices diverge as investors weigh mixed results.

Wedbush analyst maintains Outperform rating and $325 price forecast for IBM. Strong fiscal Q2 results and reaffirmed full-year guidance. AI book of business accelerates to $7.5 billion.