IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.

Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.

Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.

Semiconductor equipment maker Lam Research (NASDAQ:LRCX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.4% year on year to $4.38 billion. On top of that, next quarter’s revenue guidance ($4.