Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 “Black Monday” market crash. The weakness also spread to other software stocks. Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 “Black Monday” market crash. The weakness also spread to other software stocks.
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IBM’s ‘ugly moment’: Worst fall since 1987, $69 bn wiped out — Why did stock crash 25%?
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