Economic news

Review: Consequences of IBM's stock tumble

IBM's stock acts as an anchor for the Dow Jones Industrial Average, which would be much higher if not for the stock's fall in premarket trade.

IBM shares were down $7.74, 4.6%, to $162.31 before opening, after a detailed report for the first quarter revenue on Tuesday, which showed that sales fell short of expectations. Dow futures rose 26 points. IBM's stock was on track to open at their lowest level since December 7, last year.

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