New York, Jan 4, 2026, 19:19 ET — Market closed
- IBM shares closed down 1.6% on Friday at $291.50.
- Traders head into Monday watching U.S. jobs and inflation data for interest-rate signals.
- IBM’s fourth-quarter earnings announcement is set for Jan. 28 (preliminary date).
International Business Machines Corp (IBM.N) shares closed down 1.6% at $291.50 on Friday, slipping under the $300 mark after an early drop took the stock as low as $289.00. StockAnalysis
The move matters now because the first full week of 2026 brings a cluster of U.S. data that can reset rate expectations, which often steers demand for technology and other long-duration equities. “The market is looking for direction,” Matthew Maley, chief market strategist at Miller Tabak, said. Reuters
Next up are the January 9 U.S. employment report and the January 13 consumer price index release, followed later in the month by the Federal Reserve’s January 27-28 policy meeting. Bureau of Labor Statistics
IBM also has a company-specific catalyst on the calendar: it has set January 28 as a preliminary date for its fourth-quarter earnings announcement. Investors typically focus on software growth, consulting demand and free cash flow in IBM’s results, along with any updates on deal activity. IBM
In the broader market on Friday, the Dow and S&P 500 posted small gains while the Nasdaq ended slightly lower, as U.S. Treasury yields pushed higher. The 10-year Treasury yield — a benchmark interest rate for everything from mortgages to corporate borrowing — rose to about 4.19%. Reuters
IBM’s slide mirrored weakness in parts of the IT services and consulting space. Accenture fell 3.1% on Friday and DXC Technology dropped 3.9%, while IBM outperformed some large-cap tech peers in that group’s data snapshot. MarketWatch
A pair of insider filings also crossed investors’ screens. Form 4 disclosures — SEC filings that insiders use to report changes in their holdings — showed directors Michael Miebach and Peter R. Voser deferred fees into “Promised Fee Shares,” stock units that pay out later under IBM’s director compensation plan. SEC
Technically, IBM enters the new week about 10% below its 52-week high of $324.90, with the $289-$290 area flagged by Friday’s session low and $300 a nearby round-number level traders tend to watch. The stock’s 52-week range is $214.50 to $324.90. StockAnalysis
In the background, IBM has been leaning on software and hybrid-cloud positioning to keep growth steady as enterprise spending shifts toward data and AI projects. In December, IBM agreed to buy Confluent for about $11 billion, a move aimed at bolstering its cloud push. Reuters
But the setup cuts both ways. If the week’s data run hotter and pushes yields higher, the pressure on equity valuations can broaden, and IBM’s defensive label does not always insulate it when rates jump. IBM also faces execution risk: investors will look for clean delivery on margins and cash generation as it integrates acquisitions and competes with consulting and cloud rivals.
For IBM shares, the next hard catalyst is January 28. Before that, traders will take their cues from Friday’s jobs report and the January 13 inflation print as they set expectations for the Fed’s late-January meeting.
