Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country's most influential companies

Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business.

Adjusted per-share earnings came ahead of Wall Street estimates.

IBM stock has risen by 22 percent over the past year, with shares rising by nine percent on the morning following the earnings announcement.

For the December quarter, the technology company reported earnings of $3.92 a share versus the consensus estimate of $3.78 a share.