IBM was a notable disappointment after the company said revenue fell short of expectations. The stock dropped 4.9 percent, exerting an 81-point drag on the Dow industrials. IBM has an outsized influence on the Dow, which is a price-weighted index. IBM's stock closed at $200.63.
Intel Corp , the world's largest chipmaker, lost 2.5 percent to end at $21.79 a day after giving a weak revenue outlook. The S&P technology sector index <.GSPT> slid 0.8 percent and ranked as the only loser among the S&P 500's 10 industry sectors on Wednesday.
Although it's still early in the earnings season, the results have been a bit better than anticipated. Fourteen percent of S&P 500 companies have already reported earnings, and of those companies, 65 percent have beaten analysts' expectations, ahead of the long-term average of 62 percent. http://news.yahoo.com/stock-index-futures-signal-flat-lower-open-090220459--finance.html
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