16 stocks to watch in today's trade - The HinduBusinessLine

• The European Union has initiated negotiations to establish the legal framework and legislation required to introduce a digital euro. • The EU aims to finalize these regulatory rules by the end of 2026, paving the way for a pilot program involving approximately 40 banks and payment firms in 2027.

• IBM shares plummeted 26% to $228 after the company reported Q2 revenue of $17.2 billion, which fell short of market estimates. • CEO Arvind Krishna attributed the decline to customers limiting their spending, triggering the stock's largest intraday drop since the 1980s.

• Federal Reserve Chairman Warsh appeared before the U.S. House Committee on Financial Services to deliver the semiannual Monetary Policy Report. • The testimony serves as a formal requirement under the Federal Reserve Act, ensuring transparency between the central bank and Congress.

• IBM stock plummeted 24% in early trading following an unexpected pre-earnings warning issued by the company. • The sharp decline was triggered by the company's cautionary guidance ahead of its official earnings report.

• Federal Reserve Chairman Kevin Warsh is conducting a comprehensive review of the central bank's interest rate policy and balance sheet management. • The review specifically focuses on the "ample-reserves" regime and the Fed's current bond holdings to determine if adjustments are necessary.

• Major U.S. indices closed higher on Tuesday, with the Dow Jones Industrial Average increasing slightly by 0.02% to reach 52,508.27. • Lucid Group (LCID) shares plummeted following reports that the EV maker is considering strategic options, such as filing for bankruptcy or going private.

• IBM stock plummeted 25%, marking the company's worst single-day decline on record, following a second-quarter earnings warning. • The company reported adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing analyst expectations of $3.01 per share and $17.86 billion in revenue.

• A dozen state attorneys general, led by California Attorney General Rob Bonta, are suing to block the acquisition of Warner Bros. Discovery by Paramount Skydance. • The lawsuit cites antitrust concerns, arguing that the merger would harm U.S. audiences by reducing available content and increasing prices for consumers.

• Wall Street stocks remained steady following a report indicating that U.S. inflation for last month was lower than economists had initially anticipated. • IBM shares experienced a significant plunge, while the ASX is positioned for a rise in upcoming trading.

• South Korea's benchmark Kospi index surged 7% on Wednesday, marking its second consecutive session of gains despite escalating tensions in the Middle East. • The rally was driven by softer-than-expected US inflation data and strong Wall Street performance, which increased overall investor risk appetite.

• Asian stock markets rose, led by a 1.6% climb in the MSCI Asia Pacific equities gauge, as traders reduced expectations for Federal Reserve interest-rate hikes. • The rally was driven by cooler-than-expected US inflation data and renewed momentum in the artificial intelligence trade, specifically boosting technology shares.