S&P 500 and Nasdaq advance after June inflation comes in lower than expected at 3.5%. Bank earnings exceed forecasts while IBM plunges 25%.
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IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.
CrowdStrike (CRWD) surged 10% to $206.68 after IBM's CEO cited cybersecurity concerns in earnings miss, lifting the entire security sector higher.
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft ...
Stocks are holding steadier after a report showed U.S. inflation is getting less bad. Tuesday's gains came even though oil prices continue to jump on worries that the United States ...
Big banks were met with a sell-the-news reaction as earnings season got underway.
Stocks are cautiously higher midday, as cooler inflation helps investors forget about higher oil prices ...
Wall Street rises on cooler CPI as oil climbs; watch Goldman & JPM beats, IBM plunge, Buffett exit plan.
Stocks are ticking higher after a report showed U.S. inflation is getting less bad. Tuesday's gains came even though oil prices continue to swing on worries that the United States ...
IBM is in free fall. As of this writing, shares of International Business Machines Corporation (NYSE: IBM) are currently down more than 23%. The reason? The hardware and software giant released a preliminary earnings report that warned its Q2 will ...