Sales of IBM and Intel shares reduce Dow by more than 100

Sales of IBM and Intel shares reduce Dow by more than 100

by

Disappointing earnings from technology leaders account for more than half the DJIA of the Dow Jones Industrial Average,
-0.66%
declines on Friday. IBM from International Business Machines Corp.
-10.57%
the shares plunged $ 13.65, or 10.4%, in the morning trading after IBM released fourth quarter results on Thursday, in which adjusted earnings exceeded expectations, but revenue failed, with the drop in price by reducing the Dow price by around 90 points. Intel Corp. INTC,
-8.62%
the shares fell $ 3.52, or 5.6%, to cut about 23 points from the Dow price, in the wake of the chip maker’s fourth quarter results, which were released unexpectedly before Thursday’s closing bell. . The combined negative effect on the Dow of falls in IBM and Intel’s share prices was 113 points, while the Dow fell 207 points, or 0.7%.

.Source