|Bid||134.00 x 1000|
|Ask||134.51 x 1000|
|Day's Range||133.13 - 137.07|
|52 Week Range||112.93 - 146.12|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||25.41|
|Earnings Date||Apr. 18, 2022 - Apr. 22, 2022|
|Forward Dividend & Yield||6.56 (4.75%)|
|Ex-Dividend Date||Nov. 09, 2021|
|1y Target Est||145.17|
Gina Raimondo, U.S. Commerce Secretary, joins Yahoo Finance Live to discuss the effects of the chip shortage on the nation, the CHIPS Act, and a new study on semiconductor demand and supply.
Shares of IBM (NYSE: IBM) climbed 5.7% on Tuesday after the technology giant's fourth-quarter report gave investors hope that its growth strategy was taking hold. The gains were driven by an 8.2% increase in IBM's software revenue, to $7.3 billion, and a 13.1% jump in its consulting revenue, to $4.7 billion. The company's hybrid cloud operations, which help businesses integrate their private computing resources with public cloud services, enjoyed particularly strong growth.
U.S. stocks gyrated in afternoon trading to close lower with interest rate sensitive tech stocks weighing most heavily as uncertainties surrounding an increasingly hawkish Federal Reserve and rising geopolitical tensions contributed to the market's churn. Equities ended well off session lows, where the S&P 500 flirted once again with confirming a correction. All three major U.S. stock indexes closed lower.