Stocks Mixed: IBM's AI Plans Boost Shares, Dow & S&P Close Lower
Stock markets saw a mixed performance today. IBM's shares climbed 1.5 percent following plans with Anthropic to develop AI building blocks. Constellation Brands and Dell also reported gains. Meanwhile, the Dow, S&P 500, Nasdaq 100, and Nasdaq Composite all closed lower.
The Dow Jones Industrial Average (DJIA) slipped 0.20 percent to 46,602.98 points, while the S&P 500 lost 0.38 percent to 6,714.59 points. The tech-heavy Nasdaq 100 and Nasdaq Composite dropped 0.55 percent to 24,840.23 points and 0.67 percent to 22,788.36 points, respectively.
IBM's shares rose 1.5 percent after announcing plans with Anthropic to develop AI building blocks. Constellation Brands' shares climbed 1 percent following better-than-expected second-quarter results. Dell's shares surged 3.5 percent due to strong demand for AI-related products. However, not all companies reported gains. Ford's shares fell over 6 percent due to potential production disruptions from a supplier's fire. Oracle's shares dropped 2.5 percent after reporting lower-than-expected cloud computing profit margins.
In other news, on October 7, 2025, AppLovin led gains in the S&P 500 with a daily rise of +14.70 percent, while Seagate Technology and Ford Motor posted significant losses of -6.25 percent and -5.84 percent, respectively. Overall, while some companies reported strong performances, the broader markets closed lower today.
