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.

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