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IBM Drags The Dow Jones Lower

|Includes: International Business Machines Corporation (IBM)

 International Business Machines Inc.(NYSE: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 ETF(NYSE:DIA) as this stock will certainly drag the overall index down with it.

Nicholas Santiago