US STOCKS-Wall St open lower as IBM drags

martes 20 de octubre de 2015 09:59 GYT
 

* IBM slumps after results, drags down Dow, S&P 500

* Verizon, Travelers, United Tech up after results

* Yum Brands jumps on plans to spin off China business

* Harley Davidson down on cut to shipment forecast

* Indexes down: Dow 0.43 pct, S&P 0.25 pct, Nasdaq 0.28 pct (Updates to open)

By Abhiram Nandakumar

Oct 20 (Reuters) - U.S. stocks opened lower on Tuesday as IBM dragged down the Dow and S&P 500, a day after reporting disappointing results and cutting its full-year profit forecast.

IBM fell nearly 6 percent to $140.90 after it reported a bigger-than-expected fall in quarterly revenue.

The infotech sector was the biggest decliner among the 10 major S&P 500 sectors with a 0.6 percent fall.   Continuación...