Dow Jones News: Intel to Cut Prices; IBM Reports Earnings Today
The stock market was under some pressure Tuesday morning, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 0.22% at 10:15 a.m. EST. An outbreak of a deadly virus in China could be playing a role in the market turbulence.
Shares of chip giant Intel (NASDAQ: INTC) swam against the current, rising strongly on an analyst upgrade and reports of possible price cuts later this year. Meanwhile, the stock of IBM (NYSE: IBM) was down modestly as the company prepares to report its fourth-quarter results after the market close.
Intel was up 1.9% Tuesday morning, apparently due to some optimism from analysts at Jefferies, which boosted its rating on Intel from underperform to hold, citing the possibility of a dramatic restructuring that could boost earnings and the stock price.
Source Fool.com
