Shares of International Business Machines Corp. rose 3.0% in premarket trading, to pace just the handful of Dow Jones Industrial Average components that were gaining ground ahead of the open, in the wake of upbeat first-quarter results. IBM stock’s implied price gain would add about 26 points to the Dow’s price, while Dow futures fell 156 points, or 0.5%. IBM’s stock is on track to open at a 14-month high, after the technology giant reported late Monday first-quarter revenue that surprisingly rose from a year ago, while profit also beat forecasts.
IBM’s stock rally would add about 26 points to the Dow’s price, while the Dow drops
2021-04-20T10:58:31-04:00April 20th, 2021|
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