IBM Drags The Dow Jones Lower

International Business Machines Inc.IBM is the highest priced stock in the Dow Jones Industrial Average(DJIA) at $160.00 a share. The DJIA is a price capitalization weighted index, therefore, IBM is the most important stock for the Dow Jones Industrial Average. Today IBM is trading lower by $2.41 a share to $159.42 a share. This is nearly a $3.50 reversal from the intra-day high of $162.95 made this morning after the opening bell. When IBM trades lower traders and investors must be cautious when trading the SPDR Dow Jones Industrial Average ETFDIA as this stock will certainly drag the overall index down with it.

Nicholas Santiago
InTheMoneyStocks.com