Shares of Las Vegas Sands Corp. slid 5.00% to $45.83 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.50% to 6,040.53 and Dow Jones Industrial Average falling 0.

Las Vegas Sands Corp. (NYSE:LVS) rallied during the postmarket session on Wednesday after posting a mixed Q4 earnings report. Revenue dipped 0.7% year-over-year during the quarter to $2.9 billion, but topped the consensus expectation by $50 million.

Las Vegas Sands reported its Q4 2024 results and fiscal year revenue. Q4 net income was down by 0.7% compared to 2023, falling from $2.91 billion to $2.89 billion.

The impact of the pandemic has started to recede, with Las Vegas Sands witnessing a recovery in key markets driven by pent-up demand and a resurgence in tourism

IBM ( IBM) was the best-performing stock in the Dow and S&P 500 when the computer services provider beat profit estimates as it benefited from higher demand for its artificial intelligence (AI) offerings. Shares of Las Vegas Sands ( LVS) gained after the hotel and casino operator exceeded sales forecasts on strong revenue at its Singapore location.

Las Vegas Sands stock jumped even as the casino and resort company posted fourth-quarter earnings that missed expectations. Instead, investors seemed focused on its share buyback program and the profitable Singapore business.