Thursday, 20 April 2017

IBM sends S&P 500, Dow lower; Nasdaq advances

The S&P 500 and Dow closed lower and the Nasdaq advanced on Wednesday as investors digested the latest round of earnings, while a drop in oil prices weighed on the energy sector. IBM sank 4.9 percent to USD 161.69 after the company reported a bigger-than-expected decline in revenue for the first time in five quarters. The stock was the biggest drag on the S&P and the price-weighted Dow.

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