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IBM Earnings, Europe Pressure Dow Jones Industrial Average Lower

International Business Machines Corp.'s earnings miss is stoking investor fears

by 10/20/2014 8:15:50 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed sharply lower, as a severe earnings miss at International Business Machines Corp. (NYSE:IBM) is stoking fears of continued volatility. Also pressuring U.S. stocks lower are European markets, which are reeling on an earnings miss from German tech giant SAP SE (ADR) (NYSE:SAP). Looking ahead, today's calendar is chock full of quarterly reports, including highly anticipated data from Apple Inc. (NASDAQ:AAPL) after the close.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are more than 86 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.5 million call contracts traded on Friday, compared to 1.1 million put contracts. The resultant single-session equity put/call ratio jumped to 0.71, while the 21-day moving average edged up to 0.70.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower at 85.09.
  • Crude oil is 0.2% higher at $82.90 per barrel.
  • Elsewhere, gold has popped 0.5% to $1,245.30 per ounce.
Currencies and commodities

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