The DJIA rose 0.00% The S&P 500 was down 0.20% The Nasdaq Composite added 0.10%
Industrials led the market.
General Market Review
Deere, the manufacturing company, reported better-than-expected fourth quarter earnings. The company had a positive full year earnings outlook from improvements in the agriculture and construction sectors. DE rose 9%.
The Fab Five companies closed in the red today. Roku beat on earnings and revenue for fourth quarter, because of increased demand from the pandemic. Roku was up 3%. IBM is considering the sale of IBM Watson, its AI business to focus more on cloud computing operations. IBM fell more than 1% today.
Applied Materials reported fourth quarter results. The company beat on earnings by 9%. The reported an EPS of 1.39, compared to estimates of 1.27. Applied Materials beat on revenue by $195 million with a revenue of $5.16 billion. The company had a positive outlook due to an increase on demand for the semiconductor business and silicon use worldwide. AMAT added 5%.