Business Standard

Dow opens lower after weak results from GE, IBM

The Dow Jones industrial average was down 58.17 points, or 0.40 percent, at 14,478.97

Reuters New York

The Dow opened lower on Friday following disappointing results from General Electric Co , McDonald's Corp and IBM , while other indexes were little changed at the start.

GE fell 3.7 percent to $21.84 while McDonald's was off 2.2 percent at $99.71. IBM was the biggest loser on the S&P, falling 6.6 percent to $193.58.

The Dow Jones industrial average was down 58.17 points, or 0.40 percent, at 14,478.97. The Standard & Poor's 500 Index was up 2.26 points, or 0.15 percent, at 1,543.87. The Nasdaq Composite Index was up 4.35 points, or 0.14 percent, at 3,170.71.

 

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First Published: Apr 19 2013 | 7:18 PM IST

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