Dow Jones closes flat after Fed; Microsoft drops, IBM jumps in after-hours ahead of Apple earnings
Microsoft dropped nearly 4% in after-hours Wednesday as its AI-driven push sent quarterly capital spending soaring 66% on data centers and chips. IBM jumped roughly 6% after beating fourth-quarter revenue forecasts. Meta climbed close to 4% following its forecast of $115 billion to $135 billion in capex for 2026. Tesla gained about 2%, announcing a roughly $2 billion investment in Elon Musk’s xAI.
