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AI Is Tailwind, IBM CEO Says as Sales Rise

4 days 1 hour ago
IBM says sales increased by 5% to $17.1 billion in the third quarter, topping estimates. Sales in the software unit also expanded. The company reported earnings of $2.95 per share. CEO Arvind Krishna says AI is a tailwind. Romaine Bostick discusses with Mandeep Singh and Anurag Rana of Bloomberg Intelligence. (Source: Bloomberg)

Stocks See Support from Positive AI News, with SpaceX up +9%

4 days 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) is up +0.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.70%. December E-mini S&P futures (ESZ26 ) are up +0.27%, and December E-mini Nasdaq futures (NQZ26...

Dollar Consolidates Above 3-week Low

4 days 1 hour ago
The dollar index (DXY00 ) is up +0.05%, consolidating mildly above last Friday’s 3-week low. The dollar is seeing some short covering after last week’s decline. However, today’s -0.8 bp decline in the 10-year T-note yield is undercutting the dollar by hurting interest-rate differentials. Also, today’s -0.5% decline in WTI...