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Google Business NewsOct 17, 2018
Stocks making the biggest move premarket: NFLX, IBM, CSX, UAL, TEVA & more - CNBC

CNBC


Check out the companies making headlines before the bell: Netflix - Netflix reported quarterly profit of 89 cents per share, easily beating the consensus estimate of 68 cents a share. Revenue was in line with Street forecasts, and the important metric
It


Reuters BusinessOct 17, 2018
Wall St. dips at open; Fed minutes awaited
U.S. stocks opened slightly lower on Wednesday, a day after Wall Street's strongest rally in seven months, as investors were disappointed with IBM's results and remained cautious ahead of the minutes of Federal Reserve's latest meeting.

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US STOCKS SNAPSHOT-Wall St dips at open; Fed minutes awaited (Reuters Company News)

MarketWatch MarketPulseOct 17, 2018
IBM's stock is exacting a roughly 70-point toll on the Dow Jones Industrial Average
The Dow Jones Industrial Average on Wednesday was trading lower, mostly on the back of a sharp decline in shares of International Business Machines Corp. . Shares of the technology firm were down nearly 7% or about $10, contributing to a 70-point headwind for the Dow . A $1 decline in any one of the price-weighted Dow's components equates to a 6.89-point swing. The Dow was most recently trading 145 points, or 0.6%, lower at 25,656, a day after its best one-day point gain since late March. Meanwhile, the S&P 500 index was off 0.2% at 2,805, holding above a psychologically significant level at 2,800, while the Nasdaq Composite Index, known for its technology and internet-related constituents, was off 0.2% at 7,630. IBM's slide comes after the Armonk, N.Y.-based company late Tuesday topped Wall Street expectations for quarterly earnings but not for revenue, which declined again as it had done for years before 2018.

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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