Who could have seen this coming?
And that stock is: The SEC-scrutinized IBM!
IBM, one of 30 companies in the Dow Jones Industrial Average, was the largest negative contributor to the blue-chip index Tuesday. IBM’s drop subtracted 38.75 points from the Dow, easily the biggest contributor to the index’s 41.62 point drop.
You Can Blame IBM for Almost All of the Dow’s Drop [WSJ MoneyBeat blog]