(Updates with index/price moves, macroeconomic data, and geopolitical news from the first paragraph.
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IBM (IBM) stock plunged over 20% in Tuesday's session after releasing weaker-than-expected preliminary results for its second quarter. Yahoo Finance Markets and Data Editor Jared Blikre breaks down what IBM's figures is signaling about the broader separation between software and chip stocks.
A bad day for International Business Machines has turned into great day for CrowdStrike Holdings and other cybersecurity companies. The reason why seems to be a short reference about cybersecurity in a letter to shareholders from IBM CEO Arvind Krishna. Krishna discussed how IBM clients in June shifted quarterly capital spending toward servers, storage, and memory purchases ahead of expected price increases.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Yahoo Finance's Markets and Data Editor Jared Blikre and Senior Business Reporter Brooke DiPalma join Julie Hyman on Market Catalysts to break down the June Consumer Price Index (CPI) report, what it means for the Federal Reserve's rate-cut outlook, and how Fed Chair Kevin Warsh's testimony could shape expectations for monetary policy.

IBM stock collapses 25% after the company preannounced its Q2 earnings results.
IBM shares sank as much as 25% as the company issued a profit warning citing a shift in customer spending from software to AI hardware and memory chips.
Shares of IBM are headed for their worst day since the "Black Monday" market crash of 1987. The stock plunged some 24% in morning trading after the company issued a profit warning. IBM said the performance of its software and infrastructure business fell short of expectations in the second quarter, and the company didn’t react quickly enough to the changing market conditions.
The Dow is caught in a tug-of-war between strong bank earnings and IBM's historic drop. The Dow's top performer was Goldman Sachs, which popped 5.5% after reporting record results. Goldman is the heaviest weighted component in the Dow.
June CPI came in at 3.5% annually, below the 3.8% economists expected, but rising oil prices and an IBM warning capped gains
Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
CPI inflation was far below views, lowering Fed rate hike odds. Fed Chairman Kevin Warsh said he'll "get monetary policy right."
IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.
FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street's expectations. International Business Machines said that it anticipates a quarterly adjusted profit of $2.93 per share on revenue of $17.2 billion. CEO Arvind Krishna said in a letter to investors that the company's software and infrastructure performance shortfall during the quarter was due to clients shifting their spending toward servers, storage, and memory purchases before anticipated price increases.
Wall Street looked set for a mixed open as investors digested a 23% plunge in IBM shares, another jump in oil prices and the start of the second-quarter earnings season. Dow Jones futures were down 281 points, or 0.5%, while S&P 500 futures were 0.1% lower. Nasdaq futures were pointing...
IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time