Jan. 29 at 5:39 PM
Stocks were volatile at midday as earnings and guidance drove sharp moves across sectors. ServiceNow sank more than 11% despite beating estimates, as investors questioned whether growth can hold up amid rising AI competition. Weak sentiment spilled over to other software names, pushing several deeper into bear-market territory.
Industrial and tech results were mixed. United Rentals dropped sharply on margin pressure, while Microsoft slid after slower cloud growth and cautious margin guidance, despite beating earnings and revenue expectations. Tesla fell after reporting its first annual revenue decline and announcing plans to end Model S and X production.
On the upside, Royal Caribbean surged after issuing strong earnings guidance, lifting other cruise stocks. Meta jumped on upbeat revenue forecasts, while Southwest Airlines rallied after projecting significantly higher profits in 2026.
$NOW $CRM $TEAM $IBM $TSLA