While you were sleeping: United Technologies, IBM drop

Tue, 21 Jul 2015

By Margreet Dietz July 22 (BusinessDesk) - Wall Street fell, retreating from record highs, as disappointing earnings from United Technologies and IBM gave investors a reason to pause. In late afternoon trading in New York, the Dow Jones Industrial Average dropped 1.1 percent, the Standard & Poor’s 500 Index fell 0.4 percent, while the Nasdaq Composite Index slipped 0.1 percent. Plunges in shares of United Technologies and those of IBM, last trading 7.7 percent and 6.2 percent lower respectively, dragged the Dow down. United Technolo...

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