Home Breaking News Dow closes at lowest in two months as IBM sinks

Dow closes at lowest in two months as IBM sinks

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U.S. stocks closed mostly lower on Wednesday with the Dow finishing at its lowest in two months as International Business Machines Corp.












IBM, -4.92%










sank nearly 5% after it reported a double-digit drop in profit. IBM, a blue chip, has a big impact on the Dow due to its share in the benchmark. The S&P 500












SPX, -0.17%










fell 4 points, or 0.2%, to close at 2,338 while the Dow Jones Industrial Average












DJIA, -0.58%










shed 119 points, or 0.6%, to end at 20,403. But the Nasdaq Composite Index












COMP, +0.23%










bucked the trend to rise 13 points, or 0.2%, to close at 5,863.



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