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IBM stock posts worst day on record amid cooling inflation and bank gains
The selloff follows a broader tape that reflects easing inflation readings alongside a jump in banks earnings power.
IBM shares fell sharply, posting their worst day on record, according to a Markets report from The Wall Street Journal.
The report ties the market backdrop to cooling inflation alongside a rise in bank earnings power, framing the day’s trading as a rotation across sectors.
In that context, the sharp move in IBM stands out as a notable decliner even as other financials related to improving earnings prospects.
The Wall Street Journal described the move in IBM as the biggest drag for the stock on the day.
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