WS #12066
IBM shares plummet ~24% after pre-earnings warning, worst day since 1987, while cybersecurity stocks rally on the same catalyst. US June CPI fell 0.4% MoM (vs -0.1% expected), YoY 3.5% (vs 3.8%), core CPI 2.6% YoY, reducing Fed rate hike odds for July to 17% from 42%.
IBM Historic Crash and Cybersecurity Rally
IBM shares plummet ~24% after pre-earnings warning, worst day since 1987, while cybersecurity stocks rally on the same catalyst.
US June CPI fell 0.4% MoM (vs -0.1% expected), YoY 3.5% (vs 3.8%), core CPI 2.6% YoY, reducing Fed rate hike odds for July to 17% from 42%.