AM Report: Stocks End Off Session Highs On Fed Comments

By Tom Piotrowski | More Articles by Tom Piotrowski

US sharemarkets rose on Thursday, but gains were kept in check by mixed earnings results. Shares of Netflix fell 10.3% as the company missed targets for new subscribers overseas.

IBM shares rose 4.6% as its quarterly profit beat on strong growth in its high-margin cloud business. Morgan Stanley lifted by 1.5% after posting a better-than-expected profit. Tobacco company Philip Morris climbed 8.2% after raising its full-year profit outlook. The Dow Jones closed up by 3 points or 0.01%. The S&P500 rose 0.4% and the Nasdaq lifted by 22 points or 0.3%.