Ibm sinks to Wall Street and ballast the entire Dow Jones. A little over an hour after the opening, the index of the 30 New York blue chips remained at a standstill (+0,06% at 21587.10 points) and was unable to replicate the performance of the Nasdaq and the S&P 500 which instead reached new records.
As mentioned, it is above all Ibm that weighs on the performance of the main US index, which currently records a drop of 3,77% to 148,2 dollars after the publication of yet another disappointing quarterly. In the second quarter of 2017, the Armonk giant saw its turnover drop for the 21st consecutive quarter. In fact, revenues fell by 4,7% to 19,3 billion euros, from 20,24 in the same period of the previous year. Profit margins are also down, sales of Watson's artificial intelligence (-2,5% to 4,56 billion) and above all net profit, down 6,9% to 2,33 billion compared to 2,5, 2016 of the second half of XNUMX.
If the Dow Jones remains at a standstill, the Nasdaq and the S&P 500, which yesterday closed at levels never reached before, today continue to run reaching new intraday highs thanks to the quarterly results. In fact, the accounting season opened with results above expectations: of the 53 S&P 500 companies that communicated their accounts, 77% showed profits above market forecasts and 75% revenues better than expectations.
As regards the index of the main technological stocks, at the start of the day the Nasdaq reached new highs, at an altitude of 6377 points before settling at +0,45% at 6373 points.
Worth mentioning is the performance of Morgan Stanley, up 2,48% to 46,26 dollars after the quarterly. Record also for the S&P500 which gains 0,27% to 2467.53 points.
