International Business Machines is trading 2.5% down at $264.03 as technology shares lag the broader market ahead of the Federal Reserve meeting.
- The decline follows a strong multi-week rally and recent quantum-computing headlines that had previously boosted investor optimism.
- The move appears driven by sector-wide cooling and short-term profit-taking rather than any new, negative company-specific news.
- Major indices remain flat-to-mixed as investors adopt a cautious stance leading into the upcoming central bank policy update.