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U.S. stocks opened mixed on Thursday, with Nasdaq and S&P 500 in the green and Dow Jones Industrial Average slightly down as shares of IBM dropped.<\/p>\n
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The Dow Jones Industrial Average dropped and S&P 500 hovered at new peak as investors assessed various market factors. Nasdaq Composite was roughly 0.3% up and like the blue chip and benchmark index, traded close to its record high. <\/p>\n
Notably, the Dow closed more than 500 points higher on Wednesday. But the index was down as a 6% dip for IBM stock weighed it down, with the company having reported an earnings miss. <\/p>\n
S&P 500, which notched 0.78% and Nasdaq, which added 0.61% during the previous session, looked set to continue higher.<\/p>\n
Elsewhere, bullish sentiment in the crypto market saw Bitcoin (BTC) show resilience around $118k. However, cryptocurrencies were largely in red on Thursday.<\/p>\n
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A trade deal between the U.S. and Japan unlocked buying pressure, adding to the overall bullishness that has engulfed stocks since late April.<\/p>\n
Recent big bank earnings results have also been followed by earnings beat for leading technology companies. Alphabet reported on Wednesday, and Wall Street cheered the tech giant\u2019s second-quarter earnings beat<\/a>. <\/p>\n Meanwhile, Google\u2019s forecast for the artificial intelligence space also saw AI related companies such as Nvidia pop. These companies are likely to buoy Nasdaq and send it to new record highs.<\/p>\n However, Tesla shares dropped more than 6% in premarket trading. <\/p>\n As well as a 16% dip in revenue, Elon Musk\u2019s company saw its quarterly sales fall for a second straight quarter, denting investor confidence. Musk said during an earnings call that the EV giant could yet record a few more \u201crough quarters.\u201d<\/p>\n In addition to the earnings results of Tesla and Google parent Alphabet, sentiment on Wall Street remained focused on tariffs and the economy.<\/p>\nWhat else are investors watching?<\/h2>\n