Disappointing earnings of technology leaders account for more than half of the Dow Jones Industrial Average’s DJIA,
drops Friday. International Business Machines Corp.’s IBM,
Shares tumbled $ 13.65, or 10.4%, in the morning trading after IBM reported late Thursday’s fourth-quarter results, in which adjusted profit beat expectations but missed earnings, with price declines to shave off the Dow price around 90 points. Intel Corp. INTC,
Shares fell $ 3.52, or 5.6%, to take about 23 points off the Dow price, following the chipmaker’s fourth-quarter results, which were announced unexpectedly before Thursday’s closing day. was made. The combined negative effect on the Dow of IBM and Intel’s share price declines was 113 points, while the Dow fell by 207 points or 0.7%.
