Wall Street's three major averages were mixed on Thursday, amid a deluge of quarterly reports from major companies. Read more here.

The S&P 500 and the Nasdaq rebounded on Thursday, after Tesla's upbeat earnings forecast lifted market sentiment following a selloff in the previous session, kicking off megacap results on a promising note.

Bernstein expects IBM to reaffirm its expected revenue for the 2024 fiscal year and its free cash flow targets. The vendor has said to expect full-year revenue growth at the low end of mid-single digits, putting growth around 4 percent year over year, according to Bernstein.

Technology and consulting giant IBM (IBM) just released its Q3 earnings, showing mixed results that left investors disappointed. While the company exceeded profitability expectations, its revenue fell short,