International Business Machines Corp
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Information Technology : IT Services | Large Cap Value
Company profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems. Cognitive Solutions includes Watson, a cognitive computing platform that has the ability to interact in natural language, process big data, and learn from interactions with people and computers. The GBS segment provides clients with consulting, application management services and global process services. The Technology Services & Cloud Platforms segment provides information technology infrastructure services. The Systems segment provides clients with infrastructure technologies. The Global Financing segment includes client financing, commercial financing, and remanufacturing and remarketing.

Postmarket

Last Trade
Delayed
$118.65
-0.18 (-0.15%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$118.83
Day's Change
-1.68 (-1.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
121.59
Day's Low
118.43
Volume
(Average)
Volume:
3,938,940

10-day average volume:
3,853,963
3,938,940

Dow transports falls to buck broader market rally, led by United Airlines' stock selloff

12:38 pm ET July 8, 2020 (MarketWatch)
Print

The Dow Jones Transportation Average fell 0.2% in midday trading Wednesday, to buck the gains in the broader stock market, as the shares of all six of the index's airline components fell after United Airlines Holdings Inc. (UAL) reportedly warned it could furlough more than a third of its workforce. While the Dow transports fell, with 12 of 20 components losing ground, the Dow Jones Industrial Average rose 34 points, or 0.1%, with 17 of 30 components gaining. United Airlines' stock fell 2.8%, after The Wall Street Journal reported (http://www.marketwatch.com/story/united-airlines-to-furlough-thousands-more-wsj-2020-07-08) that the airline warned its employees that it could furlough 36,000 of them, and likely make them permanent job cuts, as the COVID-19 pandemic continues to weigh on travel demand. United had about 96,000 employees at the end of 2019. Among the Dow transports' other airline components, shares of American Airlines Group Inc. (AAL) shed 2.4%, Delta Air Lines Inc. (DAL) dropped 2.4%, Southwest Airlines Co. (LUV) lost 2.2%, JetBlue Airways Corp. (LUV) declined 2.0% and Alaska Air Group Inc. (ALK) gave up 1.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 08, 2020 12:38 ET (16:38 GMT)

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