By Dhirendra Tripathi

Investing.com — The tech sector was under pressure after the quarter ended with a disappointment for International Business Machines. Stocks fell. Still, the S&P 500 touched an all-time high intraday and was positive heading into the last few minutes of the trading session.

While corporate executives made comments about rising costs, supply chain disruptions, and labour shortages to investors, The and the stood tall. 

International Business Machines’ shares dropped 7% following missing estimates due to a decrease in infrastructure orders. 

However, it has been mostly positive so far in terms of earnings. And analysts expect the profit of S&P 500 companies to rise 33.7% from a year earlier, Reuters reported, citing Refinitiv data.

On Thursday, there were two sensational debuts: WeWork Inc (NYSE:) is a flexible office space provider. It began trading at a $9 billion valuation, with its stock increasing about 10%. It’s been about two years since the company’s ill-fated attempt at an earlier IPO.

And in the stock most active for trading today, Digital World Acquisition Corp (NASDAQ:) shares jumped nearly 400% after announcing a plan to merge with Trump Media & Technology Group, a social media firm backed by former President Donald Trump, who says he’s starting a new platform. 

Trump was kicked out Twitter Inc (NYSE:)and Facebook Inc (NASDAQ:) Since his departure from office, she has been searching for a social media platform. 

Weekly data on the job front showed that the number of applicants for new jobs last week fell to a 19-month low.

Pandemic effects have particularly affected travel stocks and leisure stocks. Airlines have struggled to recover amid rising coronavirus and labor shortages as well as a slow rebound in business travel. Despite this, American Airlines Group (NASDAQ:) reported a smaller-than-expected quarterly loss, and Southwest Airlines Company (NYSE:) posted a smaller loss.

These are the three factors that will impact markets tomorrow.

1. Schlumberger Earnings

Schlumberger NV (NYSE 🙂 will release its third quarter earnings results Friday. Analysts at Investing.com predict that the company will post a 35-cent profit per share on revenue of $5.94 Billion.

2. Honeywell earnings

Honeywell International Inc (NASDAQ:)’s third-quarter earnings per share are seen coming in at $1.99 and revenue at $8.65 billion.

3. Earnings at Amex

American Express Company (NYSE:)’ third-quarter revenue is expected to touch $10.54 billion with profit per share coming in at $1.77.