The Latest Breaking News from IBM

Capital One soared after closing, gaining 3.99% after the bank reported a third-quarter net income of $1.8 billion, or $4.41 per diluted common share.

The Dow Jones Industrial Average, on the other hand, closed lower on IBM's disappointing quarter.

Stock Market Today: The Dow Jones fell Thursday after surprise jobless claims, while Tesla stock surged on earnings.

Wall Street finished mixed Thursday as bond markets pause their relentless October selloff.

Falling yields and a soaring Tesla are lifting the S&P 500 and Nasdaq. The Dow is falling on Boeing and IBM.

Stocks extended their week-to-date slump following another leg higher in Treasury bond yields and big declines for Apple and Nvidia.

December Nasdaq 100 E-Mini futures (NQZ24) are trending down -0.23% this morning as Treasury yields continued to rise on the prospect of less aggressive Federal Reserve interest rate cuts, while investors awaited a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven” member Tesla.

IBM says its latest Granite 3.0 models are smaller than, but as powerful as, bigger models – but for a fraction of the price.

IBM stock fell following its Q3 report. IBM's book of business for AI hit $3 billion but overall revenue in Q3 came in light.