Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



IBM Helps Keep the S&P Afloat

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) and S&P 500 (SNPINDEX: ^GSPC  ) are largely frozen so far today. Blue-chip stock IBM (NYSE: IBM  ) has jumped 1.5%. The federal government is off for Veterans Day, so the Federal Reserve is making no asset purchases.

As of 1:45 p.m. EST, the Dow is up a mere 17 points to 15,778. The S&P 500 is unchanged at 1,771.

IBM's move comes despite no real news today. The company announced last week that CFO Mark Loughridge will retire at the end of the year. After nearly 10 years as chief financial officer, Loughridge will reach IBM's customary retirement age of 60.

In other IBM news, the tech giant on Friday announced it had patented a technique that allows data center administrators to automatically adjust server workloads to lower-power systems, thus saving electricity. IBM's largest competitor in the server market is Hewlett-Packard (NYSE: HP  ) , which is up more than 2% today. HP has been pushing its Project Moonshot servers hard to compete on lower cost. Friday's release from IBM shows the company is also doing all it can to innovate and lower costs in the server market.

While the U.S. government is closed for the day and things are quiet on Wall Street, the Chinese Communist Party is in the third day of a major four-day meeting. At the meeting, known as the Third Plenum, the Communist Party is expected to lay out a plan of economic reforms aimed at making the nation's economy more consumer-focused and less dependent on government and infrastructure spending.

China's economic growth has slowed, and there appears to be a growing property bubble across the country and a lack of willingness to face reality among government-backed lenders. We will have to wait until tomorrow to see what direction the government decides to go.

It's Never Too Late to Pick a Winner
Millions of Americans have waited on the sidelines since the market meltdown in 2008 and 2009, too scared to invest and put their money at further risk. Yet those who've stayed out of the market have missed out on huge gains and put their financial futures in jeopardy. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal finance experts show you why investing is so important and what you need to do to get started. Click here to get your copy today -- it's absolutely free.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2721676, ~/Articles/ArticleHandler.aspx, 9/26/2016 11:45:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:35 PM
^GSPC $2146.10 Down -18.59 -0.86%
S&P 500 INDEX CAPS Rating: No stars
IBM $153.98 Down -1.00 -0.65%
IBM CAPS Rating: ****
HP $57.53 Down -0.06 -0.10%
Helmerich and Payn… CAPS Rating: ****