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you are here: HomeNewsBusiness

Tech leads stocks lower in early trading on Wall Street

IBM slumped 6.5% after reporting quarterly revenue that fell shy of analysts’ forecasts.

Associated Press
October 21, 2021 / 07:38 PM IST
Source: Reuters

Source: Reuters

Stocks are off to a mostly lower start on Wall Street Thursday, a day after the S&P 500 and the Dow Jones Industrials approached the record highs they set this summer.

The S&P 500 was off 0.2% in the early going, and technology companies were weighing most heavily on the index.

IBM slumped 6.5% after reporting quarterly revenue that fell shy of analysts’ forecasts.

Among other companies reporting earnings, Tesla rose 1.5% after reporting record profits despite parts shortages and shipping delays, European markets were also lower and Asian markets ended mixed. Crude oil prices fell about 1%.
Associated Press
Tags: #Business #Dow Jones industrial average #International Markets #S&P 500 #World News
first published: Oct 21, 2021 07:38 pm

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