The Dow Jones Industrial Average DJIA, +0.05% could blame International Business Machines Corp.'s stock IBM, -6.20% for falling into negative territory Thursday, despite gains in the broader stock market amid bullish breadth data. The Dow, which was up as much as 110 points earlier in the session, but was now down 11 points, or less than 0.1%, in midday trading, although 18 of 30 components were trading higher. IBM's stock was the Dow's biggest lower, falling $8.
93, or 6.3%, to shave about 61 points off the Dow's price, after the technology company reported third-quarter results late Wednesday. Meanwhile, the S&P 500 SPX, +0.28% was up 0.2% and the Nasdaq Composite COMP, +0.30% was up 0.3%. The number of advancing stocks outnumbered decliners 1,725 to 1,060 on the NYSE and 1,786 to 940 on the Nasdaq, while volume in advancing stock represented 57.1% of total volume on the Big Board and 63.3% of total volume on the Nasdaq.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks end with gains as Dow, S&P 500 turn positive for OctoberStocks ended higher Tuesday, with the Dow Jones Industrial Average and the S&P 500 turning positive for October as investors largely cheered a round of...
Source: MarketWatch - 🏆 3. / 97 Read more »
One major divergence in the market is giving a top trader dot-com bubble flashbacksThe positive earnings results so far belie a major mismatch in the market, and it's giving trader Matt Maley flashbacks to the dot-com bubble. TradingNation It’s likely either 1998 or 2000-2001. Very very similar setup to both periods.
Source: CNBC - 🏆 12. / 72 Read more »
Health-Care Stocks Get a Welcome RespiteHealth-care stocks rallied as strong earnings reports offered a much-needed shot of optimism for the sector. The shares have been battered by political headwinds ahead of the 2020 election. Wait until the market really wakes up to this risk - stocks are going DOWN bigly Democrat policies are bad for business. Oh how quickly we forgot about the obama recession or the disaster the clinton years were. elizabethwarrenwilldestroycapitalism, not 'remake' it.
Source: WSJ - 🏆 98. / 63 Read more »
IBM set to report earnings after the bellIBM closed its $34 billion Red Hat acquisition in the third quarter and lowered its full-year earnings estimates.
Source: CNBC - 🏆 12. / 72 Read more »