Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.

Tesla’s fourth-quarter adjusted earnings miss analysts’ estimates but the stock rises on optimism over the electric-vehicle maker’s growth projections, Microsoft’s Azure growth misses estimates, and Meta’s fourth-quarter profit handily tops forecasts.

ASML stock rises after fourth-quarter bookings at the Dutch semiconductor equipment maker top analysts’ forecasts, while Wall Street anticipates quarterly earnings Wednesday from Tesla, Microsoft, and Meta Platforms.

IBM stock popped as Q4 earnings and revenue topped Wall Street estimates while 2025 free cash flow guidance came in above expectations.

IBM saw a remarkable 12% surge in its stock price on Thursday, driven by a strong fourth-quarter performance that showcased the company’s impressive growth in artificial intelligence (AI). This boost marked IBM’s best day since July 2000,