Why Is IBM Stock Price Down 4.38% Today, Sep 16? $1B Anderon CHIPS Award and Fed Rate Hike Trigger Profit-Taking

IBM slid 4.38% as markets digested a 25 bp Fed hike that lifted yields and pressured tech valuations, while Anderon's finalized $1B CHIPS Act award appeared to trigger sell-the-news profit-taking given prior disclosure. The drop below key moving averages reinforces a near-term risk-off tone for IBM, with attention shifting to whether enterprise deal closures and subsequent filings or legal updates clarify fundamentals versus sentiment-driven selling.