IBM stock falls after another quarter of declining revenue, Wall Street sets new records
JaysonPhotography/iStock/Thinkstock(NEW YORK) — Another record setting day for two of Wall Street’s indices, as tech stocks and drug company Vertex Pharmaceuticals led the way.
The Dow Jones Industrial Average ticked upwards 66.02 to a close of 21,640.75.
The Nasdaq set a record at the close for the second straight day, finishing at 6,385.04, 40.73 higher than it opened. The S&P 500 also set another record, gaining 13.22 to end the session at 2,473.83.
Crude Oil was 1.5 percent higher Wednesday, with the cost of a barrel climbing to $47.12.
Winner and Losers: Vertex Pharmaceuticals saw its stock jump nearly 21 percent after a study showed its drug cocktails improved lung function in patients with cycstic fibrosis.
A tough day for IBM, whose stock dropped more than four percent to $147.53.
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