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2026-04-24 04:07:12 Amid lingering uncertainty over US-Iran negotiations, declines in software shares and rising oil prices weighed on US equities, with the market pulling back from intraday highs on Thursday. The DJIA once fell as much as 628 points, or 1.3%, in the afternoon to a trough of 48,861, and eventually closed down 179 points, or 0.4%, at 49,310. The Nasdaq closed down 219 points, or 0.9%, at 24,438, while the S&P 500 fell 29 points, or 0.4%, to 7,108. Software stocks were sold off. Microsoft (MSFT.US) fell 4%, and Oracle (ORCL.US) slumped 6%. Although IBM (IBM.US) reported 1Q earnings and revenue above expectations, growth in its software business slowed, sending the stock down 8.3%. ServiceNow (NOW.US) lowered its operating margin guidance, with its shares plunging 17.8%. Among earnings-related movers, Tesla (TSLA.US) posted a 17% YoY increase in 1Q profit, beating expectations, but revenue slightly missed forecasts. The company also expects a significant increase in capital expenditure this year. Its shares closed down 3.6%. Texas Instruments (TXN.US) delivered 1Q results above expectations, with its stock surging 19.4%. Major tech stocks were weaker. Meta (META.US) closed down 2.3% after announcing plans to cut 10% of its workforce starting next month. NVIDIA (NVDA.US) fell 1.4%. Shareholders of Warner Bros. Discovery (WBD.US) approved a takeover proposal by Paramount (PSKY.US), with Paramount shares declining 4.5%. (sw/t)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |