Market Overview - The stock market showed mixed performance with the Dow up 0.02% at 49,015.60, Nasdaq up 0.17% at 23,857.44, and S&P 500 down 0.01% at 6,978.03 [2] - The Federal Reserve maintained the federal funds rate at 3.5%–3.75%, contributing to cautious investor sentiment [1] Meta Platforms Inc. - Meta's stock declined by 0.63%, closing at $668.73, with an intraday high of $677.68 and a low of $666.10; after-hours trading saw a rise of 6.6% to $713.06 [3] - For Q1, Meta projected revenue between $53.5 billion and $56.5 billion, with full-year 2026 expenses forecasted at $162 billion to $169 billion and capital expenditures of $115 billion to $135 billion [4] IBM - IBM's stock increased by 0.13%, closing at $294.16, with an intraday high of $295.95 and a low of $291.26; it rose 7.7% in after-hours trading to $316.85 [5] - The company reported Q4 revenue of $19.69 billion, exceeding estimates of $19.23 billion, with adjusted EPS of $4.52 also beating expectations; revenue grew 12% year over year, driven by a 14% increase in Software and a 21% increase in Infrastructure [5] - IBM forecasts full-year 2026 revenue of $70.91 billion, with free cash flow expected to rise by about $1 billion [6] ServiceNow - ServiceNow's stock dropped by 1.64%, closing at $129.62, with an intraday high of $133.67 and a low of $129.14; it fell 5.3% in after-hours trading to $122.77 [6] - The company reported Q4 revenue of approximately $3.57 billion, surpassing estimates, with adjusted EPS of 92 cents; subscription revenue rose 21% year over year, and remaining performance obligations increased by 26.5% to $28.2 billion [7] - For 2026, ServiceNow forecasts subscription revenue between $15.53 billion and $15.57 billion, indicating roughly 21% annual growth [7] Carvana - Carvana's stock plummeted by 14.17%, closing at $410.04, with an intraday high of $477.59 and a low of $374.55; the stock's 52-week range is $486.89 to $148.25 [8] - The decline followed a short report from Gotham City Research alleging the company overstated 2023–2024 earnings by over $1 billion and relied on undisclosed related-party support [8][9] - Carvana denied the allegations, calling them inaccurate and misleading [9] Tesla - Tesla's stock slightly decreased by 0.10%, closing at $430.46, with an intraday high of $438.26 and a low of $430.10; it rose 2.16% in after-hours trading to $439.74 [9] - The company reported Q4 earnings of 50 cents per share, beating estimates of 45 cents, with revenue of $24.9 billion; fourth-quarter deliveries totaled 418,227 vehicles, down 16% year over year [10] - Tesla is preparing production ramps for the Tesla Semi and CyberCab in North America in the first half of 2026 and plans to unveil the Gen 3 Optimus robot in Q1 [10]