IBM(US:IBM) Ge Long Hui·2026-02-23 22:17Market Performance - The three major U.S. stock indices closed down over 1%, with the Dow Jones falling by 1.66%, the Nasdaq by 1.13%, and the S&P 500 by 1.04% [1] - Most large tech stocks declined, with Microsoft and Netflix dropping over 3%, while Tesla, Amazon, and Meta fell more than 2%. Google and Intel decreased by over 1%, whereas Apple and Nvidia saw slight increases [1] Notable Stock Movements - IBM experienced a significant drop of over 13%, marking its largest decline since 2000 [1] - Novo Nordisk's stock fell over 16% due to its product CagriSema underperforming compared to Eli Lilly's Zepbound in clinical trials [1] - Arcellx's stock surged over 77% following news that Gilead Sciences plans to acquire the company at a price of $115 per share [1] - Visa's stock dropped over 4%, representing its largest single-day decline since June of the previous year, while MasterCard fell over 5%, marking its largest drop since April of the previous year [1]