Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss

Software stocks were hammered after IBM pre-announced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.

martedì 14 luglio 2026 New tab

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09:41 AM ET 07/14/2026

Software stocks were hammered on Tuesday after IBM (IBM) preannounced weaker-than-expected second-quarter financial results. While IBM stock plunged over 20% in early trading, the Q2 earnings miss also sent down shares in information services firms, including Accenture (ACN). Among the hardest hit software stocks were ServiceNow (NOW), Workday (WDAY), Salesforce (CRM) and Palantir Technologies (PLTR). Microsoft (MSFT) also retreated. In…

Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss

Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss

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