Shares of IBM and Regeneron helped buoy major indexes on Thursday, but the broader market remained tepid.
Shares of IBM and Regeneron Pharmaceuticals helped buoy major indexes on Thursday, but the broader market remained tepid as jobless claims continue to paint a grim picture of the economic recovery and uncertainty over coronavirus relief remains.The Dow Jones Industrial Average was up roughly 100 points, or .4%, and S&P 500 up .6% shortly after the open, while the tech-heavy Nasdaq also climbed up .6%.
IBM shares are surging 8% after the firm announced plans to spin off its IT infrastructure unit into a new public company so that the blue-chip tech firm can focus on the"$1 trillion hybrid cloud opportunity," IBM CEO Arvind Krishna said in a ThursdayRegeneron Pharmaceuticals is another stock outperforming the broader market on Thursday morning, up 2% after President Donald Trump
its experimental Covid-19 treatment and said it enabled him to recover from the disease;"I call that a cure," he said in a video posted to Twitter after the market close on Wednesday.on Thursday morning that it's acquiring investment manager Eaton Vance in a deal valued at $7 billion.
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