U.S. stocks closed mostly lower on Wednesday with the Dow finishing at its lowest in two months as International Business Machines Corp.
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
fell 4 points, or 0.2%, to close at 2,338 while the Dow Jones Industrial Average
shed 119 points, or 0.6%, to end at 20,403. But the Nasdaq Composite Index
bucked the trend to rise 13 points, or 0.2%, to close at 5,863.