US Stocks Steady as Inflation Cools to 3.5%, IBM Plunges
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- U.S. stocks held steadier after June inflation data showed consumer prices slowed to 3.5%, helped by a break from gasoline prices.
- Fed Chairman Warsh said the latest improvement on inflation isn't 'mission accomplished,' while IBM shares plunged in an otherwise steady session.
Why it matters: Warsh's refusal to declare disinflation 'mission accomplished' undercuts any dovish interpretation of the 3.5% print, while IBM's plunge — buried in a session framed as 'steady' — shows the calm headline masks real single-name damage in the market.
