Stocks are trading lower this morning as a couple of large tech companies drag the indices lower. Investors were also disappointed to see that the minutes from the Bank of England showed only one member of the Monetary Policy Committee supported another round of QE.
Intel shares fell this morning despite the company posted earnings that beat earnings and revenue estimates. IBM is also trading lower today as their revenue came in slightly lower than analyst estimates.
The Dow is down 30 points right now, the Nasdaq is down 2 points and the S&P 500 is down 2 points. [Read more...]