While you were sleeping: IBM, Netflix drop

Tue, 19 Apr 2016

By Margreet Dietz April 20 (BusinessDesk) - Wall Street grappled with disappointing earnings from IBM and Netflix, while it gained support from rising oil prices. The US dollar slid to a 10-month low. "Investors are very focused on revenue," Chuck Self, chief investment officer of iSectors in Appleton, Wisconsin, told Reuters. "After all the cost cutting over the past five years, now we need to start seeing revenue growth.” Wall Street was mixed. In 2.46pm New York trading, the Dow Jones Industrial Average rose 0.2 percent. However, th...

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