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IBM stock plummets more than 25% on Q2 earnings warning Yahoo FinanceIBM stock craters 23% after issuing second-quarter earnings warning CNBCSoftware Stocks Sink as IBM Miss Delivers ‘Devastating Blow' Bloomberg.comIBM warns AI boom is squeezing software budgets; shares sink in sector rout Reuters
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S&P 500 gains after light inflation data, bounce in chip stocks: Live updates CNBCKevin Warsh faces Congress for the first time as Fed chairman CNNCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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Among the largest U.S. banks, Citigroup is expected to show the greatest improvement by one important measure. But it still has a long way to go to reach its own performance target.
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