IBM stock jumps 2.6% as Wall Street logs record closes; CPI and earnings loom
IBM rose 2.6% to $312.18 Monday, outperforming the broader market as the S&P 500 and Dow hit record highs despite headlines about a criminal probe into Fed Chair Jerome Powell. Investors are watching for IBM’s Jan. 28 earnings report, focusing on software demand, consulting trends, and the impact of its $11 billion Confluent deal.