Accenture surges as U.S. stocks edge higher and market fear intensifies

  • Accenture shares jumped 15.78% after fourth-quarter revenue reached $18.68 billion and adjusted EPS exceeded consensus.
  • New bookings rose 4% to $22.2 billion, including $12.77 billion from managed services and a quarterly record of 141 bookings worth at least $100 million.
  • U.S. stocks edged higher while the CNN Money Fear & Greed Index fell to 27, remaining in the Fear zone.

Accenture shares rose 15.78% to $212.30 after fourth-quarter attributable net income increased 40.8% to $1.99 billion, revenue climbed 6.25% to $18.68 billion and adjusted diluted earnings per share reached $3.29, above the $3.18 consensus. New bookings rose 4% to $22.2 billion, including $9.4 billion from consulting and $12.77 billion from managed services, easing concerns that artificial intelligence could disrupt consulting demand. U.S. stocks finished modestly higher, with the Dow up 0.04%, the S&P 500 up 0.19% to 7,666.45 and the Nasdaq up 0.04% to 26,871.60, while the CNN Money Fear & Greed Index fell to 27 from 30. The 10-year Treasury yield declined to 5.24% after briefly reaching 5.34%, its highest level since April 2002.

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