{"id":64773,"date":"2026-07-14T10:08:16","date_gmt":"2026-07-14T14:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ibm-plummets-23-in-historic-sell-off-as-markets-anticipate-rare-negative-cpi-print\/64773\/"},"modified":"2026-07-14T10:08:16","modified_gmt":"2026-07-14T14:08:16","slug":"ibm-plummets-23-in-historic-sell-off-as-markets-anticipate-rare-negative-cpi-print","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ibm-plummets-23-in-historic-sell-off-as-markets-anticipate-rare-negative-cpi-print\/64773\/","title":{"rendered":"IBM Plummets 23% in Historic Sell-Off as Markets Anticipate Rare Negative CPI Print"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) shares crashed 23%<\/strong>, marking the company&#39;s steepest single-day decline since the 1987 market crash, weighing heavily on the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average.<\/li>\n<li><strong>DeepSeek is expected to file for an Initial Public Offering (IPO)<\/strong> later this year, a move that could significantly reshape the competitive landscape of the artificial intelligence sector.<\/li>\n<li><strong>Consensus forecasts point to a negative headline CPI print<\/strong>, which would be the first instance of deflationary monthly data since 2020, primarily driven by a <strong>10% drop in gasoline prices<\/strong>.<\/li>\n<li><strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) is in advanced negotiations<\/strong> to acquire <strong>Delivery Hero<\/strong>, reportedly planning a bid well above the target&#39;s recent valuation despite a <strong>2.5% slide<\/strong> in Uber&#39;s own share price.<\/li>\n<li><strong>White House official Kevin Hassett<\/strong> signaled a potential shift in trade and energy policy, discussing a <strong>20% cargo ship fee<\/strong> and a target to bring gasoline prices down to <strong>$3.00 per gallon<\/strong>.<\/li>\n<\/ul>\n<h2>IBM Faces Historic Rout While Broader Markets Diverge<\/h2>\n<p>International Business Machines (<a href=\"\/stock\/IBM\">IBM<\/a>) experienced a catastrophic session today, with shares <strong>plunging 23%<\/strong> shortly after the opening bell. This massive sell-off represents the stock&#39;s <strong>worst performance since 1987<\/strong>, dragging the <strong>Dow Jones Industrial Average<\/strong> down <strong>121.83 points (0.23%)<\/strong> to <strong>52,376.81<\/strong>.<\/p>\n<p>In contrast, the tech-heavy <strong>Nasdaq Composite<\/strong> climbed <strong>127.42 points (0.49%)<\/strong> to reach <strong>26,000.60<\/strong>, bolstered by optimism surrounding AI developments. The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> remained relatively flat, edging up <strong>0.13%<\/strong> to <strong>7,524.98<\/strong> as investors balanced the IBM collapse against broader tech gains.<\/p>\n<h2>DeepSeek IPO and Uber\u2019s M&amp;A Ambitions<\/h2>\n<p>The AI sector received a major jolt with news that <strong>DeepSeek is expected to file for an IPO<\/strong> within the year. Analysts suggest this could be one of the most anticipated tech debuts of 2026, potentially challenging established AI giants for capital and talent.<\/p>\n<p>Meanwhile, Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) is making aggressive moves in the food delivery space, reportedly entering <strong>advanced talks to acquire Delivery Hero<\/strong>. Despite reports that Uber is prepared to pay a <strong>significant premium<\/strong> over Delivery Hero&#39;s recent trading price, Uber shares <strong>fell 2.5%<\/strong> as investors weighed the cost of the potential takeover.<\/p>\n<h2>Deflationary Signals: CPI and Energy Prices<\/h2>\n<p>Economists are bracing for a landmark inflation report, with consensus now expecting a <strong>negative headline CPI print<\/strong>. If realized, this would be the first negative reading since the pandemic-induced volatility of 2020. <em>The shift is almost entirely attributed to energy<\/em>, as AAA data confirms average gasoline prices in June fell <strong>10%<\/strong> compared to May.<\/p>\n<p><strong>Kevin Hassett<\/strong> praised the current economic trajectory, calling the upcoming data the <strong>&quot;best inflation report we&#39;ve seen in about 6 years.&quot;<\/strong> Hassett noted that while Iranian-related issues caused a minor &quot;hiccup&quot; in pricing, the broader trend remains downward. He further stated that it is <strong>&quot;realistic&quot; to target gasoline at $3.00 a gallon<\/strong> in the near term.<\/p>\n<h2>New Trade Proposals and Shipping Fees<\/h2>\n<p>In a move that could impact global logistics, Hassett addressed the possibility of a <strong>20% cargo ship fee<\/strong>. When questioned on the proposal, he characterized it as &quot;one idea&quot; currently under consideration by the administration. <em>Market participants are closely watching for further details<\/em>, as such a fee could have significant implications for international trade margins and supply chain costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways IBM (IBM) shares crashed 23%, marking the company&#39;s steepest single-day decline since the 1987 market crash, weighing heavily 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