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US inflation at 3.5%: rate hike to ease pressure; IBM gains half of a 2.5x increase
July 15, 2026
US inflation at 3.5% prompts a rate-hike relief as IBM shares drop 25.2%
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U.S. inflation rose to 3.5% in June, slowing faster than expected, easing pressure from the Federal Reserve’s rate hikes, and U.S. stocks steadied on Tuesday. International Business Machines (IBM) sales came in below expectations, and its share price plunged 25.2% at the close, the worst since at least 1968. It dragged the Dow to open 452 points lower, which also marked the day’s low at 52,046 points. It later rebounded, rising as much as 196 points, reaching a high of 52,695 points. The S&P 500 was up as much as 0.56%, while the ...
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