WS #12081
IBM shares plunge ~25% after preliminary Q2 earnings warning, its worst day since 1987, dragging on the Dow and raising concerns about enterprise software spending. June CPI fell to 3.5%, the largest drop in six years, easing Fed rate hike fears and boosting the Nasdaq 0.9%.
IBM Earnings Warning and Tech Sector Rout
IBM shares plunge ~25% after preliminary Q2 earnings warning, its worst day since 1987, dragging on the Dow and raising concerns about enterprise software spending.
June CPI fell to 3.5%, the largest drop in six years, easing Fed rate hike fears and boosting the Nasdaq 0.9%.