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: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems and Global Financing. The Cloud & Cognitive Software Solutions segment delivers integrated and secure cloud, data and artificial intelligence (AI) solutions to its clients. It comprises three business areas: cognitive applications, cloud & data platforms, and transaction processing platforms. Global Business Services segment provides consulting, business process and application management services. Its Global Technology Services segment provides information technology (IT) infrastructure and platform services. The Systems segment provides infrastructure platforms to help meet the requirements of multi-cloud and enterprise AI workloads. Its Global Financing segment is engaged in financing, which is primarily conducted through IBM Credit LLC, and remanufacturing and remarketing.

Closing Price
$137.49
Day's Change
0.76 (0.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
138.48
Day's Low
136.75
Volume
(Light)
Volume:
2,964,397

10-day average volume:
3,836,577
2,964,397

Airline stocks suffer broad selloff as surge in delta variant stokes fears of potential travel restrictions

9:24 am ET July 19, 2021 (MarketWatch)
Print

Airline stocks were suffering a broad selloff ahead of Monday's open, amid a big drop in the broader stock market (http://www.marketwatch.com/story/dow-futures-drop-over-300-points-as-spread-of-delta-variant-continues-11626693458) and as a surge of the delta variant of the coronavirus that causes COVID-19 increases fears of potential travel restrictions (http://www.marketwatch.com/story/european-stocks-slump-as-travel-companies-tumble-on-virus-worries-11626686107). The U.S. Global Jets ETF (JETS) sank 3.6% in premarket trading, putting it on track for a sixth-straight daily decline, and to extend a seven-week losing streak through Friday in which the ETF has tumbled 16.5%. Among the ETF's components, shares of American Airlines Group Inc. (AAL) slumped 5.2% premarket, after sinking 18.6% amid a six-week losing streak; United Airlines Holdings Inc. (UAL) slid 5.1%, after tumbling 21.1% amid a 7-week losing streak; and Delta Air Lines Inc. (DAL) dropped 4.2%, after losing 13.8% amid a 5-week losing streak. Elsewhere, shares of Southwest Airlines Co. (LUV) gave up 3.8% premarket, JetBlue Airways Corp. (JBLU) declined 5.4% and Spirit Airlines Inc. (SAVE) fell 5.3%. The selloff in air carrier stocks comes as futures for the S&P 500 dropped 1.3%.

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

	

(END) Dow Jones Newswires

July 19, 2021 09:24 ET (13:24 GMT)

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