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<US> DJIA Down About 200 Points in Early Trade; Nasdaq Pulls Back from Peak; Tesla (TSLA.US) Falls 2% Post-Results
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Uncertainty over the outlook for US-Iran negotiations weighed on equities, with US stocks retreating from earlier highs on Thursday. The DJIA opened down 205 points, or 0.4%, at 49,284. The Nasdaq opened down 103 points, or 0.4%, at 24,553, while the S&P 500 opened down 19 points, or 0.3%, at 7,118. Tesla (TSLA.US) reported a 17% YoY increase in 1Q earnings, beating expectations, though revenue slightly missed forecasts. The company expects capital expenditure to rise sharply this year. Its share price fell more than 2%. Among earnings-related stocks, IBM (IBM.US) posted 1Q earnings and revenue above expectations, but growth slowed, particularly in its software division, raising investor concerns about the impact of artificial intelligence on its core business. The stock slumped nearly 10%. American Airlines (AAL.US) reported 1Q revenue that beat expectations, with its shares rising 3%. Major tech stocks traded mixed. Meta (META.US) fell nearly 2%, while NVIDIA (NVDA.US), Apple (AAPL.US), and Amazon (AMZN.US) each edged up less than 1%. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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