Why Is IBM Stock Declining On Thursday?

International Business Machines Corp. (NYSE: IBM ) shares fell during Thursday trading after sector peer Accenture plc (NYSE: ACN ) lowered its fiscal guidance, triggering a broader selloff across the information technology services market. Accenture Alters Fiscal 2026 Projections Accenture altered its fiscal 2026 financial guidanc e before the market opened on Thursday. The company narrowed its full-year sales guidance to a range of $71.763 billion to $72.460 billion, down from the previous range of $71.763 billion to $73.157 billion. data-variant="card" data-news-mode="manual" > Read Also: Stock Market Today: Dow Jones, Nasdaq 100 Futures Surge Following Sharp Sell-Off As Fed Kept Rates Unchanged—Freecast, Smith & Wesson In Focus Wall Street analysts maintain an annual revenue estimate of $74.006 billion. Concurrently, Accenture raised its full-year adjusted EPS guidance to a range of $13.65 to $13.90, ... Full story available on Benzinga.com