IBM shares rebound by about 3% after a historic 25% plunge on Tuesday, as broader U.S. software stocks recover, according to NDTV. The report links the turnaround to renewed buying in the tech sector following the earlier sell-off. Alongside IBM, other large software and services companies also move higher in the recovery session. Accenture leads the gains among U.S.-listed software stocks, while Salesforce and Cognizant also advance. The overall market action is described as a technical rebound, with investors reacting to the prior sharp decline rather than to a new, single-company catalyst. Across the trading day, the mix of gains suggests that sentiment improves for software and related technology names after Tuesday’s unusually large drop. While IBM’s rebound only partially offsets its earlier loss, the stock’s recovery points to stabilization in the sector after the prior dislocation. The report frames the movement as part of a broader Wall Street attempt to regain momentum in software stocks.
IBM rebounds after steep Tuesday drop as U.S. software stocks recover
IBM shares rebound by about 3% after a historic 25% plunge on Tuesday, as broader U.S. software stocks recover, according to NDTV. The report links the turnaround to renewed buying in the tech sector...
- IBM shares rise about 3% after Tuesday’s roughly 25% plunge.
- U.S. software stocks trade higher following Tuesday’s sharp sell-off.
- Accenture leads the advance among software stocks in the recovery.
- Salesforce and Cognizant also move up during the session.
- The move is characterized as a sector-wide rebound rather than a single-company event.
IBM rebounded about 3% after Tuesday's historic 25% plunge, while Accenture, Salesforce and Cognizant advanced as software stocks recovered on Wall Street.
6 hours agoIBM rebounded about 3% after Tuesday's historic 25% plunge, while Accenture, Salesforce and Cognizant advanced as software stocks recovered on Wall Street.
6 hours ago
CBN rolls out centralised tracker and rules for BDC dollar transactions
Nigeria’s central bank (CBN) introduces a centralised digital system, the FX BDC Purchase Tracker, to monitor bureau de...
Jones Soda Co files Form 4 on July 16
Jones Soda Co. files a Form 4 with U.S. regulators on July 16, according to an Investing.com notice. A Form 4 is a regul...
New oil pipelines bypassing Strait of Hormuz still face risks, analysts say
Producers are developing or considering additional pipeline routes intended to reduce reliance on the Strait of Hormuz f...