The S&P 500 is experiencing a lackluster day as investors process recent significant AI news from China. T-Mobile stands out, posting robust earnings with $2.57 per share and 263,000 new postpaid customer accounts, coupled with optimistic projections for future growth. Starbucks also beat earnings expectations despite a year-over-year decline, signaling potential recovery. Meanwhile, First Solar's upcoming earnings are causing optimism, although it did not report impressive figures. Overall, the markets are fluctuating as they digest these pivotal corporate performances and broader economic signals.
T-Mobile's earnings beat expectations significantly, with $2.57 per share and $21.9 billion in sales, adding 263,000 postpaid accounts in Q4.
Starbucks reports earnings decline year over year but still manages to beat expectations, indicating a potential turnaround in performance.
Markets remain subdued following recent AI developments in China, as S&P struggles to make decisive moves up or down.
First Solar is garnering optimism despite not reporting earnings, with an upcoming earnings date that analysts anticipate could yield positive numbers.
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