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Intel, IBM a Drag on the Dow
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FBN’s Nicole Petallides breaks down the day in the markets.
- Duration 1:19
- Date Oct 17, 2012
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FBN’s Nicole Petallides breaks down the day in the markets.
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Has -- of the New York Stock Exchange I'm sure they're chatting about that but also waiting out earnings from American Express and that's right they certainly are chatting about it it's right outside the door.
Let's take a look here at American Express and eBay American Express has been a winner -- to the downside today ahead of their numbers but he -- They've been the better performer of the two year to date up about 50% -- right.
Now let's talk about the stickers that are bullish market -- IBM and Intel it wasn't for these two clearly this market would be way up because you have.
J&J Johnson -- Johnson up about 2% I'll call up about 3% so again.
These two laggards are dragon -- market down otherwise it'd be a great day.
That's right they we've had a slew of winners -- any means hitting 52 week highs but IBM is worth nine -- one negative Dow points in 91.
Negative Dow points at -- very rare day when you see and Dow component weighing so heavily on the major after.
And quickly green mountain coffee a big.
It was today up nearly 7% remember as we -- This stock could have been as high 91 dollars over the past -- sides have been really slapped down --