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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InReflecting the ongoing resilience of the U.S. economy, technology and business service stocks surged as positive macro data converged with strategic AI advancements. Shares of IBM, HPE, and Getty Images rallied following the ISM Services PMI report, which indicated that the services sector has expanded for 24 consecutive months. Additionally, Getty Images benefited from a high-profile partnership with OpenAI to integrate its licensed visual content into ChatGPT.
This sector-wide strength comes as cloud and digital infrastructure providers continue to outpace broader market expectations. According to previous earnings reports, IBM saw a 7% increase in software revenue last quarter (Search), while market data shows steady performance across peers like Salesforce and Oracle, reinforcing investor confidence in firms directly linked to generative AI deployment.
Regarding current market levels, IBM stood at $289.52 and HPE at $41.23 (at close 2026-07-02). Traders are now looking toward upcoming labor market indicators, including the JOLTs Job Openings—which recently posted 7.594 million—to gauge the sustainability of the current growth trajectory in the services and employment sectors.