产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 环球市场动态 中 欧 峰 会 重 启 务 实 沟 通 股 票 A 股周四上涨，海南封关带动相关 板块大爆发；港股科技股午后回落， 大金融股依旧活跃；欧洲股市普遍 收高，欧央行暂停降息成为市场焦 点，欧元区经济仍具韧性；美股走 势分化，市场密切关注企业业绩并 做出反应。 外 汇 / 商 品 美国周四公布经济数据稳健，贸易 谈判进展推升原油价格；交易员下 调对欧洲央行年内进一步降息的押 注，欧元缩小跌幅，美元指数反弹， 国际金价走低。 固 定 收 益 美国国债收益率走高，美国经济数 据相对稳健，特朗普与鲍威尔同行 淡化美联储解雇疑虑。亚洲市场月 末资金流动偏向卖盘，利差走阔 1- 2 个基点。 2025 年 7 月 25 日 123 ▪ 2025 年 7 月 24 日，第二十五届中欧峰会在北京举行，中方领导人与来访的欧洲理事会主席科斯塔、欧盟委员 会主席冯德莱恩举行正式会晤。在峰会背景上，特朗普政策带来美欧关系扰动，中欧之间亦需通过对话解决彼 此关切。在会晤成果上，中欧在气候变化与多边主义等全球性议题上 ...

2025.07. 24 本文字数：1407，阅读时长大约3分钟 作者 | 第一财经 胡弋杰 当地时间周四，美国股市走势分化，标普500指数与纳指双双刷新历史收盘高位，受谷歌母公司 Alphabet财报超预期提振，AI相关权重股普遍走强；特斯拉财报逊色引发股价大跌，道指则在成分 股普遍走弱的拖累下收低。 截至收盘，道琼斯工业平均指数下跌316.38点，跌幅为0.70%，报44693.91点；纳斯达克综合指数 上 涨 37.94 点 ， 涨 幅 为 0.18% ， 报 21057.96 点 ； 标 普 500 指 数 上 涨 4.44 点 ， 涨 幅 为 0.07% ， 报 6363.35点。盘中，标普500指数最高触及6381.31点，纳指最高升至21113.10点，双双创下盘中历 史新高。 CFRA Research 首席投资策略师山姆·斯托瓦尔（Sam Stovall）表示，市场情绪受到多重因素支 撑，包括"贸易谈判取得进展、通胀预期缓解，以及第二季度财报整体好于预期"。 特朗普周四到访美联储总部，继续就高利率问题向主席鲍威尔施压。尽管政治施压不断，但利率期货 市场反应有限。据CME FedWatch工具显 ...

热门科技股涨跌不一，特斯拉跌超8%，IBM跌超7%，英伟达、亚马逊、博通涨超1%。 热门中概股收盘普跌，纳斯达克中国金龙指数跌1.54%，名创优品涨超8%，小鹏汽车涨超1%，百度、理想汽车跌超2%，哔哩哔哩跌超4%。 宏观数据方面，美国劳工部公布，截至7月19日当周，首次申领失业救济人数降至21.7万，较前值减少4000人，低于市场预期的22.7万。 机构指出，热点频出但量能不足，谨慎乐观。 【财经日历】 15:00 国新办7月25日就第十五届全国运动会筹办情况举行新闻发布会，介绍第十五届全国运动会筹办情况 | (~) | 盘前必读 | | // 外盘怎么样 // | | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌 | 涨跌幅 | | 道琼斯工业指数 | | 44693.91 | -316.38 | -0.70% | | 纳斯达克指数 | | 21057.96c | 37.94 | 0.18% | | 标普500 | | 6363.35 | 4.44 | 0.07% | 当地时间周四，标普500指数与纳指双双刷新历史收盘高位。 截至收盘，道指跌0.7%，纳 ...

每经编辑｜陈鹏程 王晓波 | ↓ 中国今日有2000亿元1年期中期借贷便利 | | --- | | (MLF) 和1875亿元7天期逆回购到期 | | 2 欧元区6月M3货币供应数据公布 | | 3 美国6月耐用品订单数据公布 | | 4 IBM新一代IBM Power服务器— IBM Power11 | | 将于年7月25日全面上市 | | 5 深交所及其子公司深圳证券信息公司发布公 | | 告,修订创业板综编制方案,并将于7月25日正式 | | 实施 | 2 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.7%，纳指涨0.18%，标普500指数涨0.07%，热门科技股涨跌不一，特斯拉跌超8%，市值蒸发878亿美元（约合人民 币6281亿元）；IBM跌超7%，英伟达、亚马逊、博通涨超1%；半导体、油气板块走高，美国像素涨超7%，AMD涨超2%，阿斯麦、美光科技涨超1%；汽车 制造、太空概念股跌幅居前，路特斯跌超5%，本田汽车、维珍银河跌超2%。中概股多数下跌，纳斯达克中国金龙指数跌1.54%，名创优品涨超8%，小鹏汽 车涨超1%，百度、理想汽车跌超2%，哔哩哔哩跌超4%。 1 李强同欧洲理事会主席科斯塔、欧盟 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED JUNE 30, 2025 1-2360 (Commission file number) INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter) New York (State of incorporation) One New Orchard Road Armonk, New York (Address of principal executive offices) 13-0871985 (IRS employer identification number) 10504 (Zip Cod ...

IBM shares sank Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings report that largely topped estimates. https://t.co/nnHVS4scMv ...

Group 1 - The DividendRank formula ranks International Business Machines (IBM) among the top 50% of dividend stocks, indicating strong fundamentals and attractive valuation for investors [1] - IBM shares entered oversold territory with a Relative Strength Index (RSI) reading of 28.1, below the oversold threshold of 30, suggesting potential buying opportunities [2][3] - The average RSI for the universe of dividend stocks is 55.7, highlighting IBM's relative weakness in momentum compared to its peers [3] Group 2 - IBM's recent annualized dividend is $6.72 per share, translating to an annual yield of 2.38% based on a share price of $282.01 [3] - The heavy selling pressure indicated by the low RSI may be exhausting, presenting a potential entry point for bullish investors [4] - Investors are encouraged to examine IBM's dividend history to assess the likelihood of continued dividend payments [4]

Core Insights - IBM reported strong second-quarter 2025 results, with adjusted earnings and revenues exceeding Zacks Consensus Estimates [1][2] Financial Performance - Net income on a GAAP basis was $2.19 billion or $2.31 per share, up from $1.83 billion or $1.96 per share in the prior year, driven by top-line growth [3] - Non-GAAP net income from continuing operations was $2.80 per share, compared to $2.43 in the prior-year quarter, beating the consensus estimate by 16 cents [3] - Total revenues increased to $16.98 billion from $15.77 billion, with a 5% year-over-year growth on a constant currency basis, surpassing the consensus estimate of $16.58 billion [4] Segment Performance - Software segment revenues rose to $7.39 billion from $6.74 billion, with notable growth in Hybrid Cloud (up 16%), Automation (16%), and Data (9%), although it missed the estimate of $7.52 billion [6] - Consulting segment revenues were $5.31 billion, up from $5.18 billion, exceeding the estimate of $5.17 billion, with segment profit improving to $562 million [7] - Infrastructure segment revenues increased to $4.14 billion from $3.64 billion, with segment profit rising to $965 million, reflecting strong demand for hybrid and distributed infrastructure [8] Cash Flow and Liquidity - IBM generated $1.7 billion in cash from operations, down from $2.07 billion in the prior year, with free cash flow at $2.84 billion, up from $2.61 billion [11] - As of June 30, 2025, the company had $11.94 billion in cash and cash equivalents against $55.22 billion of long-term debt [11] Outlook - For 2025, IBM expects at least 5% revenue growth on a constant currency basis, driven by a strong portfolio mix and productivity initiatives, with free cash flow projected around $13.5 billion [12]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

美股三大指数开盘涨跌不一 特斯拉跌超7% 智通财经7月24日电，美股三大指数开盘涨跌不一，道指跌0.69%，纳指涨0.38%，标普500指数涨 0.19%。特斯拉跌超7%，此前马斯克称公司接下来可能面临几个艰难的季度。IBM跌超9%，此前公布 的第二季软件营收低于预期。 ...