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IBM Puts Pressure On the DJIA

International Business Machines Corp.(NYSE:IBM) is a leading technology stock and a major Dow Jones Industrial Average component. Today IBM is trading lower by $2.10 cents to $141.85. It is important to remember that the Dow Jones Industrial Average is a price cap weighted index and a large priced stock such as IBM will put much more pressure on the Index than a $36.00 stock such as Disney Co.(NYSE:DIS). IBM will have short term intra-day support around the $141.50 - $141.25.