Shares of IBM and Nike are posting strong returns Thursday afternoon, lifting the Dow Jones Industrial Average into positive territory. Shares of IBM and Nike have contributed to the index's intraday rally,

Led by strong returns for shares of IBM and Cisco, the Dow Jones Industrial Average is climbing Thursday morning. The Dow is trading 113 points higher (0.3%), as shares of IBM and Cisco have contributed to the blue-chip gauge's intraday rally.

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.

The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed. The Dow Jones Industrial Average added 168 points, or 0.4%, and the Nasdaq composite gained 0.3%.

Evercore raised its price tag on IBM stock from $240 to $275, retaining its Outperform rating. Software, however, appears to be the only growth business. It reported $7.9 billion in revenue in Q4, up 10% YoY.

The Dow Jones Industrial Average (DJIA) is up today as the index rallies alongside companies releasing Q4 2024 earnings reports. Many companies

S&P 500 futures are up 0.5%. Dow Jones Industrial Average futures are gaining 0.4%. Nasdaq 100 futures are rising 0.7%. On Wednesday, the Dow Jones Industrial Average fell 137 points, or 0.31%, to 44,

Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.

Stay ahead with the top 10 DJIA stocks to watch today. Get expert insights on key market movers and investment trends.

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For 2025, International Business Machines said it targets to grow its revenues by at least 5 percent and a free cash flow of $13.5 billion. The expansion rate would be above the 3 percent uptick logged in 2024, which analysts noted was a sign of IBM’s confidence in its AI and cloud strategy.