IBM (IBM) jumps 5% as Big Blue announces the partnership with HSBC to create the world’s first-known successful trial of quantum-enabled algorithmic bond trading. IBM and HSBC are saying the algorithm quantum computing can reduce errors by over 30% in predicting bond trade fulfillment compared to classical methods. This is the first instance of quantum technology being applied to real industry data, according to IBM. IBM’s stock is up nearly 30% year to date closing in on all time highs.

Profit-taking into quarter end. But Freeport McMoran (FCX) is the dog for a second straight day, down another 5% as their largest mine in Indonesia which produces 3% of the world’s copper production has been compromised and will produce less copper in 2026. Bernstein analyst upgraded the stock with a $48 price target while Scotiabank downgraded the stock.

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