Investing.com - U.S. stocks ended Wednesday mixed mainly after
technology blue chip IBM disappointed investors with its
fourth-quarter earnings in a session largely void of economic
At the close of U.S. trading, the Dow Jones Industrial Average
fell 0.25%, the S&P 500 index rose 0.06%, while the Nasdaq
Composite index rose 0.41%.
IBM reported a seventh consecutive quarterly sales decline due
to plunging demand for servers, which helped push down revenue 5.5%
to USD27.7 billion in the fourth quarter, below expectations even
though bottom-line figures did meet some consensus forecasts.
Elsewhere, Texas Instruments said it would eliminate 1,100 jobs
in the U.S., India and Japan, which rattled nerves as well.
Offsetting losses, however, United Technologies and Norfolk
Southern released fourth-quarter results that topped expectations,
while smartphone maker BlackBerry said it would sell off Canadian
Leading Dow Jones Industrial Average performers included Boeing,
up 1.91%, Walt-Disney, up 1.52%, and United Technologies, up
The Dow Jones Industrial Average's worst performers included
IBM, down 3.17%, Procter & Gamble, down 1.17%, and General
Electric, down 1.12%.
European indices, meanwhile, finished largely lower.
After the close of European trade, the EURO STOXX 50 fell 0.02%,
France's CAC 40 rose 0.03%, while Germany's DAX 30 fell 0.10%.
Meanwhile, in the U.K. the FTSE 100 finished down 0.12%.
On Thursday, the U.S. is release its weekly report on initial
jobless claims and a private sector report on existing home
offers an extensive set of professional tools for the financial
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