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Jan. 22, 2020, 8:11 a.m. EST

Dow getting a 22-point boost from IBM's stock rally, J&J's decline after earnings

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By Tomi Kilgore

The premarket stock moves of companies reporting earnings would add about a net 22 points to the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA -3.15% price, as a rally in International Business Machines Corp. shares /zigman2/quotes/203856914/composite IBM -3.22% more than offset a drop in Johnson & Johnson's stock /zigman2/quotes/201724570/composite JNJ -0.86% . Dow futures /zigman2/quotes/210407337/delayed YMH20 -0.29% rose 79 points. IBM's stock surged 4.0% toward a 3 1/2-month high ahead of the open, with the implied price gain acting as a 37-point boost to the Dow's price. IBM reported late Tuesday revenue that surprisingly increased from a year ago and an adjusted profit that beat expectations. Johnson & Johnson shares slipped 1.5% after the consumer products and pharmaceutical company topped fourth-quarter profit expectations but came up a bit shy on revenue, with the implied price decline acting as a 15-point drag on the Dow.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,081.36
-879.44 -3.15%
Volume: 513.27M
Feb. 25, 2020 4:59p
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/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 141.71
-4.72 -3.22%
Volume: 6.21M
Feb. 25, 2020 6:30p
P/E Ratio
13.41
Dividend Yield
4.57%
Market Cap
$125.50 billion
Rev. per Employee
$208,845
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/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 144.65
-1.26 -0.86%
Volume: 10.53M
Feb. 25, 2020 6:30p
P/E Ratio
25.69
Dividend Yield
2.63%
Market Cap
$381.11 billion
Rev. per Employee
$603,509
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/zigman2/quotes/210407337/delayed
US : U.S.: CBOT
$ 27,038.00
-79.00 -0.29%
Volume: 159,555
Feb. 26, 2020 4:31a
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