Disappointing earnings from technology leaders are responsible for more than half of the Dow Jones Industrial Average DJIA,
decreases Friday. IBM from International Business Machines Corp.,
shares fell $ 13.65, or 10.4%, in the morning trading after IBM reported fourth-quarter earnings last Thursday, in which adjusted earnings exceeded expectations, but revenue was lost, with the fall in the price shaved about 90 points above the price of the Dow. Intel Corp. INTC,
shares fell $ 3.52, or 5.6%, to about 23 points from the price of the Dow, following the chipmaker’s fourth-quarter results, which were unexpectedly released before the closing bell on Thursday. The combined negative effect on the decline in the price of Dow shares of IBM and Intel was 113 points, while the Dow fell 207 points, or 0.7%.