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NYSE:IBM 3 February 2026 - 8 February 2026

Confluent stock edges higher as IBM deal vote nears after fresh merger filing

Confluent stock edges higher as IBM deal vote nears after fresh merger filing

Confluent ticked up Friday—shares were up 0.7% at roughly $30.57 by 2:30 p.m. EST—after the company released fresh merger disclosures related to its pending IBM acquisition. The update followed increased investor pressure and two lawsuits aimed at the proxy. According to the latest filing, Confluent’s board faced 17 demand letters along with two legal actions in New York state court. The company said it will update its proxy materials before the Feb. 12 shareholder vote.
6 February 2026
Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

The Dow Jones Industrial Average dropped 166.67 points Tuesday, closing down 0.34% at 49,240.99 as tech and software stocks came under pressure amid renewed worries about AI squeezing profit margins. “We’re seeing a lot of software companies across the spectrum get hit,” said Art Hogan, chief market strategist at B. Riley Wealth. The S&P 500 fell 0.84% to 6,917.81, while the Nasdaq slid 1.43% to 23,255.19. Merck bucked the trend, rising 2.2% after reporting results, and PepsiCo surged 4.9% following announcements of price cuts on brands like Lay’s and Doritos.
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