--- title: "U.S. stock market update: ARB IOT down 15.23%" type: "News" locale: "en" url: "https://longbridge.com/en/news/259382248.md" description: "ARB IOT fell 15.23%; Accenture rose 3.59%, with a transaction volume of USD 726 million; IBM fell 0.33%, with a transaction volume of USD 429 million; BigBear.ai fell 3.74%, with a transaction volume of USD 260 million; Infosys Technologies fell 1.47%, with a market value of USD 67.5 billion" datetime: "2025-09-29T16:12:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/259382248.md) - [en](https://longbridge.com/en/news/259382248.md) - [zh-HK](https://longbridge.com/zh-HK/news/259382248.md) --- # U.S. stock market update: ARB IOT down 15.23% **U.S. Stock Market Midday Update** **Stocks with High Trading Volume in the Industry** Accenture rose 3.59%. According to recent important news: 1. On September 29, Accenture announced an investment in Rehuman, aimed at helping insurance companies transform customer engagement and experience. This investment is seen as a strategic expansion in the technology sector, driving up the stock price. 2. On September 28, Accenture's CEO stated that the company would lay off employees who cannot be retrained in artificial intelligence and initiate a business optimization plan. This restructuring strategy was interpreted by the market as the company's proactive positioning in the AI field, boosting investor confidence. 3. On September 27, several analysis firms lowered Accenture's target price but maintained "Buy" or "Outperform" ratings, showing market confidence in its long-term prospects. The AI investment boom in the tech industry continues. IBM fell 0.33%, with increased trading volume. According to recent important news: 1. On September 29, IBM announced it would invest 20,000 hours of engineering, technical sales, and quantum computing resources, valued at $5 million, to support the platform development and marketing initiatives of Datavault AI. This news boosted market confidence, driving up related stocks. 2. On September 29, a Morgan Stanley report pointed out that although IBM plans to deliver its first fault-tolerant quantum computer by 2029, the commercial application of quantum computing is still in the early stages of development, and the market has priced this news as a distant and uncertain future. 3. On September 29, Jim Cramer mentioned practical applications of IBM's quantum computing products in his program, believing they have significant market potential. The commercialization of quantum computing still requires time, and market volatility is evident. BigBear.ai fell 3.74%, with increased trading volume. According to recent important news: 1. On September 29, the U.S. government passed a bill providing billions of dollars in funding for border security. BigBear.ai focuses on providing biometric solutions and may benefit from this. However, the company needs to prove its capabilities to win more contracts, which positively impacts its stock price. 2. On September 27, BigBear.ai's stock price dropped 22% this week, seen as profit-taking after last week's surge. Nevertheless, the market remains optimistic about its long-term development direction, but the current fundamentals are insufficient to support a high valuation. 3. On September 26, C3.ai appointed a new CEO, which may indirectly affect BigBear.ai. As BigBear.ai relies on government contracts, budget cuts could adversely impact it. The AI industry is highly volatile, and risks should be monitored. **Stocks with High Market Capitalization in the Industry** Infosys Technologies fell 1.47%. According to recent key news: 1. On September 27th, Spark's AI analyst rated Infosys Technologies as outperforming. Despite technical indicators showing a cautious outlook, the company's strategic positioning in AI and cloud services, along with strong financial performance, drove its overall stock rating. 2. On September 27th, TipRanks analyst Chandrasekar maintained a moderate buy rating on Infosys Technologies, with a target price of INR 1,736.07, indicating a potential upside of 19.82% from current levels. 3. On September 27th, analyst Menon CFA gave Infosys Technologies a consensus rating of strong buy, with an average target price of INR 1,756.86. 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