S&P 500, NASDAQ HIT RECORD HIGHS ON IBM
(Reuters) - The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed risks from a virus outbreak in China.
International Business Machines Corp (IBM.N) shares jumped 3.5% after the company forecast full-year profit above market expectations on strength in its high-margin cloud computing business.