IBM Historic Plunge; Financials Report; SpaceX Near IPO Price

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- IBM (IBM) shares are moving after yesterday's historic drop. Yesterday, shares slid after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages. It marked the biggest single-day loss since at least Jan. 3, 1968, the earliest date for which Bloomberg has pricing data on the stock.- Johnson & Johnson (JNJ) shares are on the move after it reported earnings this morning.- Blackrock (BLK) shares are moving ahead of earnings this morning. The finance giant, along with Morgan Stanley (MS) and Capital One (COF), are in focus for traders.- SpaceX (SPCX) shares have fallen to the brink of falling below their initial public offering price after three days of losses, with shares closing at $136.08 each.See omnystudio.com/listener for privacy information.