Few stocks can move the market like Big Blue. IBM, whose $63 billion value ranks No. 1 among U.S. public companies, is America's most heavily traded stock, typically accounting for at least 25% of the stock market's activity. Last week the world's largest computer company demonstrated its mighty influence when it stunned Wall Street with a disappointing earnings report. After IBM announced Tuesday that first-quarter profits would be $514 million instead of the $1.03 billion analysts had expected, the stock plunged, cutting the company's value $7 billion in a single day. The rest of the market followed, tumbling 62 points in...
WALL STREET: A Bad Case Of the Blues
WALL STREET: A Bad Case Of the Blues
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