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Google Business NewsJan 23, 2021
Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bu.. - Business Insider
Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bu..  Business InsiderView Full Coverage on Google News

MarketWatch MarketPulseJan 22, 2021
IBM, Intel stock selloffs slash more than 100 points off the Dow
Disappointing earnings from technology leaders are responsible for more than half of the Dow Jones Industrial Average's declines on Friday. International Business Machines Corp.'s stock tumbled $13.65, or 10.4%, in morning trading after the IBM reported late Thursday fourth-quarter results, in which adjusted profit beat expectations but revenue missed, with the price decline was shaving about 90 points off the Dow's price. Intel Corp. shares fell $3.52, or 5.6%, to lop about 23 points off the Dow's price, in the wake of the chip maker's fourth-quarter results, which were unexpectedly released before Thursday's closing bell. The combined negative effect on the Dow of IBM and Intel stock price declines was 113 points, while the Dow fell 207 points, or 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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