Dow driven lower by IBM, United Technologies
The Dow Jones Industrial Average
New York - AFP
US stocks fell in opening trade Tuesday following disappointing earnings from IBM and United Technologies as the market looked ahead to results from Apple later in the day.
Five minutes into trade, the Dow Jones Industrial Average stood at 17,987.87, down 112.54 points (0.62 percent).
The broad-based S&P 500 shed 2.12 (0.10 percent) at 2,126.16, while the tech-rich Nasdaq Composite Index slipped 2.70 (0.05 percent) to 5,216.16.
IBM slumped 5.3 percent as it reported lower revenues for the 13th straight quarter, with second-quarter sales dropping this time by more than 13 percent to $20.81 billion.
United Technologies dropped 6.1 percent as it slashed its profit forecast due to economic weakness in China and the drag of the strong dollar, and said second-quarter earnings fell 8.2 percent.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 11:36 2018 Tuesday ,23 January
EU removes eight countries from tax haven list
GMT 13:31 2017 Saturday ,18 March
Al Ghassan Motors official sponsor of Al Nassr Club
GMT 12:36 2017 Sunday ,19 March
Swiss smartwatches multiply as makers hunt millennial buyers
GMT 15:28 2017 Monday ,02 October
Trump dedicates Presidents Cup victory
GMT 17:39 2017 Thursday ,02 November
Hopes dashed for giant new Antarctic marine sanctuary
GMT 08:30 2018 Thursday ,18 January
UN chief defends Iran deal after Trump demands changes
GMT 08:00 2018 Monday ,01 January
Latest 'Star Wars' passes $1 billion mark in third week
GMT 15:05 2017 Tuesday ,24 January
Russia could miss 2018 Winter GamesGMT 05:28 2012 Thursday ,12 January
Lionel Messi wins third straight Ballon d\'Or
GMT 07:13 2014 Saturday ,19 April
Fiat-Chrysler to produce iconic Jeep in China from 2015
GMT 05:12 2017 Saturday ,21 October
Iraqi forces take full control of Kirkuk
GMT 20:02 2017 Friday ,10 March
YouTube makes Jeddah its 1st FanFest destination in Mideast
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor